Sheikh Mohammed bin Rashid announces Dh2.1 trillion of projects under way in Dubai

Sheikh Mohammed bin Rashid, the Vice President and Ruler of Dubai, has unveiled a Dh2.1 trillion portfolio of ongoing projects across housing, transport, aviation and infrastructure in the emirate. Speaking at the Mohammed bin Rashid Leadership Forum held at Dubai World Trade Centre, Sheikh Mohammed highlighted the city's ambitious plans to "build a city within a city" as more projects are set to be announced.

The annual forum convened over 1,000 government and private sector leaders, experts, decision-makers, and academics. Sheikh Mohammed emphasized that Dubai's momentum is continuous, and its achievements are ongoing, making it an ideal time for investment in the city's infrastructure. The emirate is heavily investing in housing, transport, and infrastructure to prepare for a new phase of economic growth.

The projects span various sectors, with Dh1.1 trillion earmarked for real estate development by 2030, encompassing approximately 350,000 residential units. Aviation investment is significant, with Dh128 billion allocated to Al Maktoum International Airport, designed to accommodate up to 260 million passengers per year. Additional funds of Dh328 billion are set aside to expand the Emirates and flydubai fleets, and Dh18.7 billion is dedicated to a new Emirates engineering and maintenance complex.

Infrastructure spending is substantial, including Dh100 billion for road upgrades, Dh151 billion for the Dubai Metro's Blue and Gold lines, Dh80 billion for the Dubai Strategic Sewerage Tunnels system, and Dh151 billion for new power and water grid infrastructure. A further Dh100 billion is allocated to develop Phase 2 of the Dubai International Financial Centre.