Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched AED 5 billion ($1.36bln) Emirates Towers Business Park.

His Highness said that Dubai’s major real estate projects aim to enhance the emirate’s development across sectors, and enhance its readiness for the future as part of the comprehensive growth strategy of the UAE under the leadership of UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan.

Sheikh Mohammed also said that these projects represent the next phase of strategic development of infrastructure that is required for the UAE to meet its growth aspirations. He said these projects are helping the country cement its position as a destination of choice for global investment.

His Highness said that the UAE is continuing its drive to enhance the environment for businesses and the private sector by providing innovative solutions for investors’ needs, and create a platform in the UAE for businesses to access major emerging markets that together have a population of over 2 billion people.

His Highness was accompanied by Deputy Ruler of Dubai and President of Dubai International Financial Centre His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum.

The launch was held in the presence of President of Dubai Civil Aviation Authority and CEO and Chairman of the Emirates Group HH Sheikh Ahmed bin Saeed Al Maktoum; HH Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum; and Director General of the Department of Protocol and Hospitality in Dubai HE Khalifa Saeed Suleiman and a number of senior officials of Dubai Holding.

Chairman of Dubai Holding His Excellency Abdulla Ahmed Al Habbai briefed His Highness about the development and various components of the project.

Master planned by Dubai Holding, the development is located between Sheikh Zayed Road and Happiness Street; in close proximity to Dubai International Financial Centre (DIFC), the leading financial hub for the Middle East, Africa and South Asia (MEASA) region. Upon completion, Emirates Towers Business Park will become an integrated business district in the heart of Dubai’s financial district and will provide a legislative environment with international standards of governance and transparency under the regulations of the DIFC Authority.

The development is the result of mutual collaboration between Dubai Holding and DIFC in response to the increasing demand from international corporations looking to set base in Dubai’s thriving business environment. The Emirate’s strategic location and advanced infrastructure presents the ideal choice for companies looking to strengthen their presence in the region and expand their reach.

Source: Dubai Holding

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