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The Middle East's 'Biggest Civil Engineering Project'

Posted by: Nate Berg

15 October 2007 - 2:00pm

Developers have announced plans for a 75-kilometer canal to run through Dubai, with waterfront cities and developments all along its banks.

"The vast project is made up of two main parts, an $11 billion canal which will run along a 75 km U-shaped route from Dubai Waterfront to Palm Jumeirah and a $50 billion waterfront 'city', which will cover 33 km of the waterway's southern stretch."

"The waterfront city will be built in several phases over 15 years, with construction work expected to start towards the end of 2008."

"Meanwhile, construction on the $11 billion canal is scheduled to start in December and last three years."

"Limitless will manage the design and construction of the project, which the company has described as the Middle East's biggest civil engineering project."

"It will flow inland from Dubai Waterfront, passing to the east of the new Dubai World Central International Airport before turning back towards Palm Jumeirah, passing through several other Dubai property developments along the way."

Full Story: Developers line up to grab plots in Arabian Canal project
Source: Gulf News, October 10, 2007
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Even if the report overestimates the costs by a factor of two and underestimates the tax-benefit by a similar amount, the conclusion would be pretty much the same: destination resorts cost local government and taxpayers money.
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