Sheikh Mohammed Bin Rashid, Vice President of the UAE and Ruler of Dubai, reveals new details about the Creek Expansion Project.
Dubai Creek extension to be suspended above ground as a 'hanging canal'
DUBAI // The ruler of the emirate has revealed that a planned extension of Dubai Creek will be suspended above ground as a "hanging canal".
Sheikh Mohammed Bin Rashid, Vice President of the UAE and Ruler of Dubai, revealed new details about the Creek Expansion Project when he approved the new plan today.
The creek extension is estimated to cost Dh1.5 billion and is scheduled to be completed within two years from its implementation early next year. He stressed that it will be considered a new milestone for Dubai and will contribute in placing the UAE at the forefront of tourism regionally and globally.
It is unclear how much of the canal will be suspended, or how high.
Sheikh Mohammed also approved the implementation of plans to expand Deira Souk. The project stretches four kilometres between Dubai Creek and Al Hamriya Port and is handled by the Investment Corporation of Dubai.
The first two phases will consist of six hotels, residential and commercial towers, a marina, and storage areas. Each phase will take two years to complete with a total cost of about Dh3 billion.