$1.5 Billion Hotel, other Mega Projects Approved in Dubai [Video]

UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has given the go-ahead for a number of ambitious development projects by the Investment Corporation of Dubai (ICD) over the coming three years.

Accompanied by Dubai Deputy Ruler Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Sheikh 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 – Palm Dubai Hotel and Resort.

Consisting of 800 rooms, suites and 250 luxurious hotel apartments, the Royal Atlantis Resort on the Palm, Dubai will cost approximately $1.5 billion. The project will also house recreational, entertainment and services facilities built to the highest international standards.

Sheikh Mohammed gave directives that the projects be fully implemented by 2018.

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