Shaikh Mohammad views the design of the Deira market expansion project. He was briefed on the plan by Mohammad Ebrahim Al Shaibani, Director General of Dubai Ruler’s Court and Executive Director and CEO of the Investment Corporation of Dubai (ICD), the developer of the project. Shaikh Hamdan Bin Mohammad Bin Rashid, Crown Prince of Dubai, Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of Dubai Supreme Fiscal Committee and other senior officials were present. Image Credit: WAM

Dubai: Two major projects totalling Dh4.5 billion unveiled publicly on Thursday call for a major Dh3 billion facelift for Deira Souq area as well as a Dh1.5 billion suspended canal to link Dubai Creek extension to the Gulf through Jumeirah. 

The ambitious plans were announced on the website of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai who viewed a series of architectural renderings.

On his official website, Shaikh Mohammad posted a video exhibiting aspects of the Dubai Souq makeover including a massive new skyscraper at the bend in Dubai Creek towering over Dubai’s historical heritage areas.

The Deira Creek project calls for six hotels, residential and trade towers, a yachting marina and cargo storage areas.

It was stated that the new raised canal would extend from from the “Khaleej Trading Centre to Jumairah Beach in Dubai, going through Shaikh Zayed road, Al Safa Garden, Al Wasl street over two kilometres long with a cost of over Dh1.5 billion.”

Shaikh Mohammad also commended the “ suspended channel’s idea as a substitute to the former ground channel....”