Dubai World Central Renamed Dubai South
The aerotropolis is expected to house 1-M people and support around 500,000 jobs once it reaches full capacity
Dubai World Central, an emerging 145 sqk city within the Emirate, has been renamed as Dubai South.
Launched in Y 2006 as a government of Dubai project, the city hosts the Al Maktoum International Airport that is expected to be the world’s largest airport once it undergoes a $32-B expansion.
The city also hosts the Dubai Airshow and will be the site for the World Expo in Y 2020.
Part of Dubai’s urbanisation strategy, the city has various business districts within the development across sectors such as aviation and logistics. The government has also invested heavily to attract businesses to set up within the development.
The aerotropolis has also attracted major brands such as Nestle and Landmark Group into its manufacturing precinct. Logistics brands such as Aramex and DHL have also set up operations within the development.
A number of hoteliers have also announced new projects within the development as they eye increasing traffic from the Al Maktoum International airport.
In May 2015, the city’s authority said that it signed agreements to develop three international hotels Aloft, Studio M and Millennium, which are to be located close to the airport. The hotels are scheduled for completion between 2018 and 2019 and will collectively add 1,300 rooms to the development.
Real estate firms have also announced projects within the development.
By Mary Sophia
Paul Ebeling, Editor
HeffX-LTN
The post Dubai World Central Renamed Dubai South appeared first on Live Trading News.