Revealed: Dubai Investments Park spent $408m on infra since 1997
Road infrastructure has accounted for the bulk of infrastructure spending since the complex's masterplan was developed in 1997
Dubai Investments Park, wholly owned by Dubai Investments PJSC, has invested $408m (AED1.5bn) in a series of infrastructure projects such as road enhancements, bridges, pedestrian tracks, and bus shelters since its masterplan was developed in 1997, it has been revealed.
Dubai Investments Park said funding on road infrastructure had been a “major growth” driver, with works involving enhancements of entrances, road widening, and exit points, as well as the recently completed Phases 3 and 4 of roads towards Expo 2020 Dubai.
The developer said $34m (AED125m) had been set aside for the improvement of public facilities, pedestrian track maintenance, and upgrade of existing infrastructure, plus the development of air-conditioned bus shelters, the number of which is expected to grow from nine to 20 by the end of 2019.
Commenting on the figures, Dubai Investments Park's general manager, Omar Al Mesmar, said: “Dubai Investments Park is working closely with authorities to broaden and upgrade infrastructure while continuing with relentless efforts to ensure integration amid public transport modes.
“The expenditure on road and infrastructure has been a major growth factor in the region and these investments are vital to social and economic growth, and Dubai Investments Park is extremely proud to be proactively contributing to this developmental phase.”