Investors sign up for DSC

07 November 2003
Dubai Tourism Projects Development Company announced on 31 October the signing of an agreement with a group of investors for the proposed Dubai Sports City (DSC) scheme (MEED 24:10:03).

Three local investors - Abdul Rahim al-Zarooni, Abdul Rahman Falaknaz and Abdul Rahman Bukhatir - have committed to invest a total of AED 2,700 million ($735 million) in the new project. DSC will be built over 80 million square feet and will be part of the Dubailand project (MEED 24:10:03).

It will cover the construction of: an 18-hole golf course; a clubhouse with tennis courts, a tennis academy and a health spa; a 25,000-seat cricket stadium with a cricket academy; a 10,000-seat hockey stadium; a riding club; and a 5,000-8,000-seat multi-purpose indoor stadium.

The announcement closely follows the late October unveiling of Dubailand. A total of over AED 18,000 million ($4,905 million) is planned for investment in the construction of six clusters and including about 245 main and sub projects.

The other five clusters are an adventure world, Pharoahs world, aqua world, snow world and space and science world. Dubailand will be built over a 2,000 million-square-feet site adjacent to Nad al-Sheba off the Emirates road. The project is targeted for completion by the end of 2006.

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