Dubai Offers Investment Opportunities In Major Public Parks

Dubai Municipality says investors are being sought for Creek Park, Mamzar Smart Park, Mushrif Park, Zabeel Park and Safa Park in addition to the Quranic Park

Dubai offers investment opportunities in major public parks

Investors are being sought for Creek Park, Mamzar Smart Park, Mushrif Park, Zabeel Park and Safa Park in addition to the Quranic Park.

Dubai Municipality has announced several investment opportunities in the emirate's public parks, such as the event spaces, and the allocation of different areas for restaurants and small shops.

Investors are being sought for Creek Park, Mamzar Smart Park, Mushrif Park, Zabeel Park and Safa Park in addition to the Quranic Park recently opened by Dubai Municipality in Al Khawaneej at a total cost of about AED130 million, a statement said.

Dawoud Al Hajri, director general of Dubai Municipality, said: "Dubai Municipality is making significant contributions by providing a conducive and encouraging environment for foreign and domestic investment."

Najeeb Mohammed Saleh, director of planning department at Dubai Municipality added: "The aim of these opportunities is to invest approximately 10 percent of the area of ​​each park to implement investment projects to serve the community and raise the level of happiness of visitors to public parks."

Creek Park, which includes the Dubai Dolphin Centre and the Children's City, received nearly 3.8 million visitors over the last three years while Mamzar Smart Park offers beach facilities, children's games, chalet rentals and beach sports courts, as well as swimming pools, a skating arena, and a variety of activities.

Mushrif Park has an international village that provides 13 models for Arab and foreign residences while Zabeel Park attracted nearly 3.1 million visitors over the past three years.

Safa Park features a mini-garden for women plus cafeterias, mosques, theatre, jogging track and sports ground service.

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.

RECENT NEWS

BNY Mellon Lands A Big Ally For Expansion In Saudi Arabia

NCB Capital is the kingdom's biggest asset manager and investment bank Read more

Coronavirus, Low Oil Prices Set To Speed Up Gulf Bank Mergers

Moody's Investors Service says financial concerns in the region will play a larger role in encouraging deals Read more

Abu Dhabi Fund Buys $750m Stake In Retail Arm Of Indian Giant Reliance

Subsidiary of the Abu Dhabi Investment Authority will buy a 1.2% stake in Reliance Retail Ventures Read more

How The Lebanese Private Sector Is Coping In The Eye Of A Storm

Businesses extremely pessimistic about future as layoffs continue and wages plummet Read more

Lebanese Pound: The Most Undervalued Currency In The World

As political and economy chaos ensues, leading analyst says exchange rate needs sorting 'as soon as possible' Read more

How Coronavirus Is Changing Banking For The Better

Redefining finance for good: Virtual CXO Forum to take place on October 7 Read more