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Construction began in January 2016 and was completed in December 2023. [12] The Link was built in two phases over a total of 16 days without disruption to the four lanes of live traffic below. [ 13 ] Phase one involved the placement of a steel structure weighing over 8,500 tonnes, which was lifted into position over 12 days using specialized ...
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
Construction on a large scale is a part of Dubai Strategic Plan 2015 [2] unveiled by Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, to maintain economic growth and to put Dubai on the map of the world, and a tourist destination of the world. [3] Construction on a large scale has turned Dubai into one of the fastest-growing cities in the world.
The project was first unveiled to the public in June 2006 [4] at a Zaha Hadid exhibition in the Guggenheim Museum in New York City. [6] At the time of the launch the name for the project was Dancing Towers; however, this has now been changed to Signature Tower & Dubai Financial Market Development, is started construction on 6 April 2024.
These projects included the construction of the Burj Khalifa, the world's tallest building, and the Palm Jumeirah, one of the world's largest man-made islands. The 2007–2008 financial crisis led to the Dubai housing crash in 2009 and a sharp decline in property values and a slowdown in development activity.
The construction contract was awarded to CSHK and the total cost of the project estimated to be over AED 1 Billion (US$300 Million). [4] [5] The construction began in early 2005 and was completed in 2009. The Towers was designed by Adnan Saffarini. [6] [better source needed]
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The United Arab Emirates is a high-income developing market economy.The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023.