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Youssef Al Feel, along with his brothers and cousins, managed to break the windows and enter flooded houses — moving people to safety for an entire day
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$1.5 billion hotel, other mega projects to grace Dubai
Shaikh Mohammed hails the Investment Corporation of Dubai projects which will boost national economy.
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has given the go-ahead for a number of ambitious development projects by the Investment Corporation of Dubai (ICD) over the coming three years. After completion, the projects would contribute 10 per cent to the national economy.
Accompanied by Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Shaikh Mohammed was briefed on the design concepts and architectural master plans of the projects by the Director of Dubai Ruler’s Court and ICD CEO Mohammed Ibrahim Al Shaibani and a team of engineers during a special demonstration at the Atlantis Hotel and Resort at Palm Jumeirah.
Meanwhile, the Investment Corporation of Dubai also teamed up with Kerzner International Holdings to construct Atlantis resort in China. The ultra luxurious resort will span across an area of 60 hectares with expected completion on 2016.
Shaikh Mohammed praised the quality architectural designs of the projects undertaken by the Investment Corporation of Dubai and its role in developing and diversifying revenues. He said that large-scale projects like these stand proof to the strength of UAE’s economy.
The presentation was also attended by Dubai Director of Protocol and Hospitality Khalifa Saeed Suleiman and Meraas Holding Chairman Abdullah Al Habbai and a number of engineers.
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