The credit crunch hasn’t slowed Dubai’s biggest development.
Future tenders for Dubai World Central (DWC), which will include the world’s largest international airport, may be reviewed because of the global economic turmoil. But construction of the project is going ahead according to schedule.
Development of the $33 billion scheme to support Dubai’s aviation, tourism, commercial and logistics requirements until 2050 and beyond would not be slowed down by a short term world financial crisis, said Abdulla Al Falasi, director of marketing and corporate communications for Dubai World Central.
“Most major construction schedules, especially for the airport and Dubai Logistics City and the real estate components like DWC Residential City, are on-track, though future tenders that may arise may be reviewed a little more carefully,” he said.