Extension of Business Bay Canal Project approved
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The Business Bay area in Dubai will soon undergo an uplift as HH Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE and Ruler of Dubai, endorsed the extension of the Business Bay Canal Project.
This extension includes modifications of roads and bridges required for extending the water canal from Sheikh Zayed Road up to the Arabian Gulf. HH also directed to have the project completed in two years.
HE Mattar Al Tayer, chairman of the board and executive director of the Roads and Transport Authority (RTA), said: “The Extension of the Business Bay Canal is a key strategic project. The Canal crosses Sheikh Zayed Road (before Al Safa Interchange) and passes across the Safa Park, Al Wasl Road, and Jumeirah 2 to terminate at the Arabian Gulf. The estimated cost of the Project is AED1.5 billion and has been divided into three contracts.”
He further added that, “the water canal will generate a plethora of business and investment opportunities including possibility of utilizing it to harbor floating hotels, constructing hotels and restaurants on both sides in addition to introduction of integrated tourist and recreational facilities in Al Safa Park.”
