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Latest business news from UAE resonates with the announcement of the Water Discus Hotel
 

Latest business news from UAE resonates with the announcement of the Water Discus Hotel

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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 ...

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.

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    Latest business news from UAE resonates with the announcement of the Water Discus Hotel Latest business news from UAE resonates with the announcement of the Water Discus Hotel Document Transcript

    • Latest business news from UAE resonates with the announcement of the Water Discus HotelEveryone’s favourite shopping/vacation destination has outdone itself, yet again. In the latestbusiness news from UAE; details are surfacing of a novel initiative to develop hotels below thewater surface in Dubai. Dubai World, the project management experts with decades of experienceunder their belt have gone ahead to announce this spectacular development that is sure to get thesentiments high.This new venture is to be a collaborative effort between Drydocks world (Dubai World’s ShipBuilding Unit) and the Swedish experts, BIG Invest Consult. So recent is this development that theink is just about drying up on the documents that were signed during the Annual InvestmentMeeting that was held recently at the Dubai International Convention Centre. Word is that BIGInvest 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, thereare about seven hospitality ventures in the pipeline, each with an investment ranging from $50Million to $120 Million.Each project is governed by the fact that it has to be both ecologically & environmentallysustainable even while it is turned into a revenue generating venture. Its utility beneficiaries areexpected to be from both, the tourism sector as well as the uber-exclusive luxury-residentialsegment. The initial renderings showcase tantalizing structures that are sure to leave those viewingthem 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 suchdevelopments with open arms. Benefits are also being envisioned for the housing and developmentsectors on account of the support infrastructure that is bound to be created in conjunction withthese 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 newinsights 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 thegreater scheme of things. For someday, it is hoped, that the Water Discus Hotel will become a partof UAE Travel Tips that are given out to every potential tourist.