The Dubai Tourism Development Company has signed an agreement with Dubai-based Al Sharq Group of Investment to develop the biggest water resort in the Middle East as part of the Dubailand project.
“We are pleased to invest in Dubailand, this being one of the biggest investments by the company in Dubai worth Dh750 million ($204.2 million),” said Al Sharq Group of Investment proprietor and board chairman Shaikh Ali Salman Al Shahri.
Dubai Development and Investment Authority director-general Saeed Al Muntafiq said: “The Aqua Dubai will add value to Dubailand and will offer the best in water-based entertainment facilities seen anywhere in the region, and most probably among the best in the world.”
Saeed Al Muntafiq signed the deal on behalf of Dubai Tourism Development Company with Shaikh Ali Salman Al Shahri.
He said: “The signing of this agreement is in line with the quick pace of developments in the Dubailand project.
“DDIA, which is supervising the execution of Dubailand project through Dubai Tourism Development Company, has conducted intensive negotiations with investors and groups from within and outside the country who are interested in the main and sub-projects within Dubailand.”
Al Muntafiq said: “The Aqua Dubai will add value to Dubailand, the region’s most comprehensive and largest tourism, leisure and entertainment development and will offer the best in water-based entertainment facilities seen anywhere in the region.”