Latest business news from UAE resonates with the announcement of the Water Discus Hotel Everyone’s favourite shopping/vacation destination has outdone itself, yet again. In the latest business news from UAE ; details are surfacing of a novel initiative to develop hotels below the water surface in Dubai. Dubai World, the project management experts with decades of experience under their belt have gone ahead to announce this spectacular development that is sure to get the sentiments high. This new venture is to be a collaborative effort between Drydocks world (Dubai World’s Ship Building Unit) and the Swedish experts, BIG Invest Consult. So recent is this development that the ink is just about drying up on the documents that were signed during the Annual Investment Meeting that was held recently at the Dubai International Convention Centre. Word is that BIG Invest who is representing the Polish owners of the mesmerizing Hotel Project – The Water Discus, Deep Ocean Technology is also the funding partner for this venture. According to initial plans, there are about seven hospitality ventures in the pipeline, each with an investment ranging from $50 Million to $120 Million.
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Latest business news from UAE resonates with the announcement of the Water Discus Hotel
Everyone’s favourite shopping/vacation destination has outdone itself, yet again. In the latest business news from UAE; details are surfacing of a novel initiative to develop hotels below the water surface in Dubai. Dubai World, the project management experts with decades of experience under their belt have gone ahead to announce this spectacular development that is sure to get the sentiments high.
This new venture is to be a collaborative effort between Drydocks world (Dubai World’s Ship Building Unit) and the Swedish experts, BIG Invest Consult. So recent is this development that the ink is just about drying up on the documents that were signed during the Annual Investment Meeting that was held recently at the Dubai International Convention Centre. Word is that BIG Invest who is representing the Polish owners of the mesmerizing Hotel Project – The Water Discus, Deep Ocean Technology is also the funding partner for this venture. According to initial plans, there are about seven hospitality ventures in the pipeline, each with an investment ranging from $50 Million to $120 Million.
Each project is governed by the fact that it has to be both ecologically & environmentally sustainable even while it is turned into a revenue generating venture. Its utility beneficiaries are expected to be from both, the tourism sector as well as the uber-exclusive luxury-residential segment. The initial renderings showcase tantalizing
structures that are sure to leave those viewing them spell bound, even as they exist partially above the surface, with the rest being underwater.
The bustling hotel and tourism industry in Dubai and the rest of UAE is sure to welcome such developments with open arms. Benefits are also being envisioned for the housing and development sectors on account of the support infrastructure that is bound to be created in conjunction with these projects. Further beneficiaries from developments such as these, are the awareness, creation, conservation efforts geared towards fragile ecosystems that exist below the waterline. In-fact the properties are also being seen as experimental labs that could someday help add new insights on the mysterious depths of the ocean, of which, we still know so little about.
It is developments such as these that reaffirm the position of Dubai and the rest of UAE in the greater scheme of things. For someday, it is hoped, that the Water Discus Hotel will become a part of UAE Travel Tips that are given out to every potential tourist.
