Dubai is to build yet another multi-billion dollar development project.

The Business Bay, unveiled by General Shaikh Mohammad bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister, intends to create a new commercial and business cluster that will be located along a new extension of the Dubai Creek.
The project will extend from Ras Al Khor to Shaikh Zayed Road, stretching an area of close to 64 million sq ft.
“We wanted to build a project that will be the cornerstone of a new economic push and to extend the international role of the UAE. Extensive studies done by some of the top international consultancies said Business Bay is a project that will surely make the desired change,” he said.
Mohammad Al Gergawi, CEO of Dubai Holding, said: “The importance of this unique project lies not only in its size or cost, but also in the tremendous impact it will have on the local economy.”
Business Bay will feature facilities such as towers for offices and accommodation, gardens, and a road network. It will also feature fascinating canals to add to the magnificence of the project.