His Highness, Sheikh Ahmed Bin Saeed Al Maktoum – chairman of Dubai Aviation City Corporation and president of Dubai Civil Aviation Authority – and Mohamed Alabbar – chairman of Emaar Properties – signed the MoU.
The joint venture project is spread over a 13.63 million sqm area, with the first phase to includes a golf course villa community, several hotels, a high-end shopping mall, leisure attractions, and a business hub that promotes youth entrepreneurship.
Al Maktoum commented: “We look forward to benefit from Emaar’s specialisation and experience that they have demonstrated to create truly world-class projects.
“In the coming future, Dubai World Central will witness several new projects to build an integrated city.”
The master plan for the project is currently being finalised and will include energy-efficient building technologies and green building practices.