Construction Magazine April 2018 | Page 19

PALM 360 is an iconic two tower development on Palm Jumeirah ’ s Boardwalk , comprising of a luxury hotel , branded residences and the world ’ s largest sky pool
other real estate related assets . In addition , the core economic sectors of trade , travel and tourism are doing incredibly well . This is good news for the construction industry in Dubai .
Nakheel itself has $ 14bn of projects under way and awarded construction contracts worth over $ 2bn in 2017 . And , just a few weeks into 2018 , we have awarded signed a construction contract for $ 1.1bn for Deira Mall , the biggest mall in the Middle East in terms of leasable space , and a $ 105mn contract for an 800-room beach resort being developed in a joint venture with RIU Hotels & Resorts .
Obviously , Dubai is making massive inroads in establishing itself as a centre of tech excellence …
Dubai is very much geared to using smart technology to enhance services , making processes userfriendly and facilitating more business opportunities , and we fully endorse and support the government ’ s quest to transform Dubai into the world ’ s smartest city .
Dubai has always taken the initiative of leading a change in the region and , in particular the GCC . The smart city initiative is a game changer for Dubai as it will showcase its ability to adapt
19