In a week bursting with announcements that Dubai is pressing ahead with a new phase of mega projects, experts yesterday voiced a qualified vote of confidence to the emirate's latest proposals to develop five Florida-style theme parks at Jebel Ali.
Late on Tuesday night, three years to the day since the Dubai World crisis rocked the world economy, Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, announced he had approved a Dh10 billion (US$2.7bn) mega scheme to develop the five linked theme parks.
The scheme is to be built by Meraas, Sheikh Mohammed's own property and investment company, starting with Dubai Adventure Studios fun park, plans for which were announced last December and which is expected to be completed by 2014.
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