Dubai – The tourism potential of $33-billion Dubai World Central (DWC) project will be a spotlight of a key exhibition in Dubai.
The 140 sq/km urban development project in Jebel Ali is likely to woo more investments at the inaugural Tourism Development Projects & Investment Market exhibition between tomorrow to Tuesday at the Dubai International Exhibition and Convention Centre, the company said.
Of the $90bn worth of local and international projects to be displayed at the exhibition, the $33bn DWC – twice the size of Hong Kong Island – will be among the largest to attract global corporate and individual investors in a bid to up Dubai’s tourism sector which currently contributes 30 per cent to the emirate’s economy, it added.
“Dubai’s target to triple its GDP to $112bn by 2015 will be aided by the region’s tremendous tourism potential with investment commitments of $328bn in tourism-related projects so far,” said Dubai World Central chief executive for real estate Khalid bin Harib.
“Projects like Dubai World Central serve as a catalyst to that boom. DWC’s aim is to create a perfect environment for potential investment prospects and set new standards for substantial tourism development in the UAE. With DWC becoming a regional and global hub model, there are several opportunities for the leisure, hospitality and entertainment sector operators to set up a base within this huge city,” he added.
“DWC will be a perfect asset provider to investors, tourism officials, tourism facilities operators, and specialists visiting the exhibition.”
DWC’s infrastructure, centred around Al Maktoum International Airport, will be supported by the surrounding real estate components – DWC Residential City, DWC Commercial City and DWC Golf City, with over 900,000 people living and working there.
Besides serving as a future tourism gateway to all the nearby projects, the airport, itself, when fully operational by 2015, will be a huge tourist attraction.