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Dubai & the Horizons of Development

Dubai & the Horizons of Development

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Dubai & the Horizons of Development

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  1. Dubai & the Horizons of Development 29 October 2007

  2. Contents • UAE Economy 2006 • Dubai Economy • Dubai Mega Projects • Dubai 2015

  3. UAE GDP 2006 • The nominal GDP reached more than $150 billion in year 2006 with a growth rate of 13% compared to 2005 • Non-Oil GDP is more than $110 billion representing 73% of the total GDP • Expected growth for 2007 is 7%

  4. UAE Non-Oil GDP 2006 Differentiated investment regulations

  5. Dubai – Important Figures.. Present 2005 US $37 Billion GDP US $31,000 GDP per Capita Non-oil GDP as % of GDP 95% Service Sector as % of GDP 78% 9% FDI as % of GDP

  6. Dubai has exceeded economic growth rates of neighboring and leading international countries Real GDP Growth – Comparisons with Gulf & International Countries(2000-2006)

  7. Dubai Foreign Trade Dubai’s non-oil foreign trade reached $143 billion in 2006 compared to $132 billion in 2005 recording a 9% rise

  8. Dubai Hotels • A total of 6.3 million people and visitors used Dubai hotels in 2006 compared to 1.9 million in 1996 • Currently there are 305 hotels-31,000 rooms with an occupancy rate of more than 85% through out the year • Year 2015 – 100,000 Rooms for 15 million visitors

  9. Dubai International Airport • Aircraft movement at Dubai International Airport witnessed a growth of 9% during 2006 as it handled an average of 650 flights per day compared to 595 flights in 2005 • Dubai International Airport is connected to over 194 destinations through a network of 113 international airlines

  10. Dubai International Airport • A total of 29 million passengers have used Dubai International Airport in 2006 compared to 25 million in 2005, recording a 16% rise • The number of passengers using Dubai Airport is expected to rise to 33 million during 2007

  11. Dubai International Airport • The expansion projects at Dubai Airport with a total cost of $410 million will enable it to handle over 75 million passengers compared to 25 million at present

  12. Dubai World Central • World’s first truly integrated logistics platform including manufacturing and assembly • 140 Square Kilometers of urban aviation community in Jabel Ali • Dubai World Central consists of: • Residential City • Logistics City • Enterprise Park • Commercial City • Golf Resort • International Airport

  13. Logistics City • Designed to handle 12 million tones of Air Cargo annually and up to 16 Air Cargo Terminals • Includes the world’s largest airport with a capacity of 120 million passengers annually • Expected to be completed by March 2009

  14. DP World • Has operations offices in 30 countries • It caters for 53 container terminals, 4 free zones, and 3 logistics centers • It is considered as the third largest global operator • DP expansion project is the construction of Jabel Ali Terminal 2 with the cost of $1.5 billion increasing its capacity by 5 million TEUs

  15. Dubai Metro • One of the longest Metros in the world • 42 stations including nine underground stations • A total of 87 electronic trains with a 600 passenger capacity

  16. Dubai International Financial Center • The DIFC is a Free Zone offering 100% foreign ownership

  17. Dubai International Financial Center • DIFC covers 110 acres that contains 4 million sq meters of development 2 million of which are above ground and 2 million below ground with provision for 36,000 car parking spaces • DIFC offers a zero % tax rate, and a combination of zero tax with 33 bi-lateral tax treaties signed with countries such as India, Italy, Germany, Singapore, and Luxembourg making it very tax efficient globally

  18. Burj Dubai • Set to be the world’s tallest building • More than 800 meters in height with an estimated cost of more than $821 million • Currently the tallest building in the world standing at 143 floors (about 521.7 m)

  19. The Palm Islands • Palm Jumeirah • Palm Jabel Ali

  20. The Palm Islands • Jumeirah is the smallest among the palms with an estimated infrastructure cost of $1.5 billion, Contains 2,500 villas and 36 hotels • Palm Jabel Ali is 50% larger than the Palm Jumeirah with an estimated infrastructure cost of $2 billion

  21. Bawadi • The largest tourist project to be built in Dubai with total investment of more than $27.4 billion • Recently, the investment in this project was doubles to $55 billion • Expected to be completed by 2014

  22. Bawadi • A 75 square kilometer strip similar to Las Vegas with 61 themed hotels (60,000 rooms), including the 6,500 room Asia-Asia hotel, the world’s largest • Bawadi will also house the world’s largest shopping area of over 40 million sq ft • The project will increase the number of tourists visited Dubai to as many as 15 million in the next decade

  23. Dubai Health Care City • The goal of creating a regional center of excellence in medical education and life research development in the ME • The world’s first health care free zone • DHCC and Harvard Medical International will oversee a quality assurance system that will guide continuous improvement throughout the entire site

  24. By 2015: Dubai aims to achieve ambitious economic targets – Growth rates will be reflected on the size of economy, individual income & productivity.. Select Economic Indicators – 2005 Actual vs. 2015 Targets

  25. Dubai…where the future starts