First phase of Dubai Water Canal costs AED1bn and extends 9 km

Chairman of Dubai Holding Mohammed Abdullah Al Gergawi said that Dubai Holding's participation in the AED1 billion first phase of the Dubai Water Canal, which extends 9 km from Ras Al-Khor to Sheikh Zayed Road, based on the directives of Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, is a source of pride for the company. 

Al Gergawi's remarks came yesterday during the inauguration of the Dubai Water Canal by His Highness Sheikh Mohammed bin Rashid. He said that Dubai Holding is committed to the role assigned to it in implementing quality projects that are part of the vision of the UAE leadership for ensuring a bright future for the country and consolidating Dubai's position as one of the world's most advanced cities. 

Al Gergawi also said that Dubai Holding's participation in the AED1 billion first phase of the ‘Business Bay Canal' project is a source of pride for the group, which will also implement the ‘Marasi Business Bay' project on the banks of the canal, creating a new tourist attraction for the city. 

He also said that the company has in place a clear framework for excellence as part of which it follows international best practices in all its projects and initiatives. Al Gergawi said that Dubai Holding is committed to contribute to Dubai's urban expansion, adding that the Canal will boost tourism in the city and help achieve the development objectives set by Dubai Plan 2021

Source: WAM