Dubai allocates $3.26bn for Expo 2020 projects
Dubai, January 29, 2014
Dubai Municipality will be allocating about Dh2 billion ($544 million) every year for smaller works, such as parks and the revival of traditional developments, as the emirates races to finish off all the projects ahead of Expo 2020, said a report.
Dubai had won the bid to host the '2020 World Expo' in November under the theme “Connecting Minds, Creating the Future.”
The upbeat municipality officials said they were confident of delivering many of the previously announced destination projects including heritage sites, parks and biodiversity and iconic centres ahead of the Expo 2020.
The confidence to complete the projects ahead of Expo 2020 comes in the wake of the budgets being approved, reported the Gulf News.
Tourism-orientated projects that have been completed include Al Fahaidi Market and Naif Souq. Among others that are under construction are Dubai Creek, which has been designated as a Unesco World Heritage site, Deira Fish Market, Dubai Safari Park, Crocodile Park and Quran Park, the report added.