Latest news with #Dubai World Trade Centre
Emirates 24/7
3 days ago
- Business
- Emirates 24/7
Dubai Chamber of Digital Economy highlights benefits of participating in Expand North Star 2025
Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has concluded its global roadshows in partnership with Dubai World Trade Centre for Expand North Star 2025, the world's largest event for startups and investors. The upcoming edition of the exhibition will be hosted by the chamber at Dubai Harbour from 12th–15th October. The campaign included visits to 16 cities across Australia, Canada, France, Germany, Portugal, Singapore, the United Kingdom, the United States, and Vietnam. The chamber engaged with representatives from over 2,000 digital startups and more than 215 ecosystem stakeholders, including venture capital funds, digital business incubators, and relevant government entities. These meetings highlighted opportunities for collaboration and partnerships aimed at attracting digital companies to Dubai and showcased the benefits of participating in Expand North Star 2025. Organised by Dubai World Trade Centre and hosted by Dubai Chamber of Digital Economy, Expand North Star brings together the world's leading startups, innovators, investors, entrepreneurs, and digital leaders to explore the unique growth opportunities offered by Dubai and contribute to shaping the future of the digital economy. The roadshows featured presentations on Dubai's competitive advantages and the comprehensive support offered by the chamber to digital startups seeking to expand into the emirate. It also included pitch competitions showcasing innovative ideas, with the winner in each city receiving a fully sponsored opportunity to participate in Expand North Star 2025. Additional competitions were held for a chance to qualify for the final stage of the Supernova Challenge, the region's largest startup pitch competition, which will be held as part of the exhibition. Expand North Star 2025 further strengthens Dubai's appeal as a global destination for entrepreneurs and digital companies, offering a platform for innovation and collaboration while fostering connections with influential players from across the global technology landscape.
Zawya
14-07-2025
- Business
- Zawya
Dubai's RTA awards contract for Al Mustaqbal Street Development Project
DUBAI: In line with the directives of the leadership to enhance the road infrastructure and public transport systems in support of urban development, population growth, and improved quality of life, Dubai's Roads and Transport Authority (RTA) has awarded the contract for the Al Mustaqbal Street Development Project. The project extends from the intersection with Za'abeel Palace Street to Financial Centre Street, at a total cost of AED633 million. The scope includes the construction of bridges and tunnels extending 1,700 metres, and the widening of the street from three to four lanes in each direction. The development will increase the corridor's capacity by 33%, from 6,600 to 8,800 vehicles per hour in both directions and reduce travel time from 13 minutes to 6 minutes. Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of Dubai's Roads and Transport Authority (RTA) stated, 'Al Mustaqbal Street Development Project forms part of a broader project that includes the development of the Trade Centre Roundabout, with construction works having commenced in the last quarter of last year. The project will serve several key commercial, residential, and development zones, most notably the Dubai World Trade Centre, which has been the region's premier venue for international events and exhibitions for over four decades. It hosts major global exhibitions and conferences such as GITEX, Arabian Travel Market, Arab Health, Gulfood, and the Transport Exhibition, among others.' 'The project will also serve Dubai International Financial Centre (DIFC), a leading financial hub for the Middle East, Africa, and South Asia. It will further enhance connectivity to key areas, including Za'abeel, Downtown Dubai, and Business Bay. The project is expected to benefit approximately half a million residents and visitors,' Al Tayer said. Al Tayer added, 'The project includes the construction of three tunnels totalling 1,200 metres at the intersection of Al Mustaqbal Street and Trade Centre Street. The first is a three-lane tunnel along Al Mustaqbal Street heading towards Deira, with a capacity of 4,500 vehicles per hour. The second is a two-lane tunnel turning left from Al Mustaqbal Street onto Trade Centre Street, serving bidirectional traffic between Deira and Jebel Ali, with a combined capacity of 3,000 vehicles per hour. The third is a single-lane tunnel dedicated to the One Central development, with a capacity of 1,500 vehicles per hour. 'The project entails the construction of a 450-metre, two-lane bridge serving traffic flowing from Dubai World Trade Centre (DWTC) towards the intersection of Za'abeel Palace Street and Al Mustaqbal Street. Additionally, it involves the widening of Al Mustaqbal Street over a 3,500-metre stretch from its intersection with Financial Centre Street to Za'abeel Palace Street by expanding the street from three to four lanes in each direction.' 'The project also includes the construction of free-flowing ramps to improve traffic movement at the intersections of Al Mustaqbal Street with both Exhibition Street and Trade Centre Street. It further encompasses the construction of a pedestrian bridge over Al Sukook Street and the upgrade of existing intersections along the corridor.' The project also introduces creative and aesthetic enhancements to the area, including upgraded pedestrian walkways, a dedicated cycling track, and decorative lighting, aimed at ensuring safer and more accessible streets for all users. It further involves the creation of urban spaces to encourage community engagement and support vibrant, inclusive urban living. Additionally, the project will strengthen connectivity between major development zones and nearby metro stations, enabling seamless and integrated access for both residents and visitors. Al Tayer elaborated, 'Al Mustaqbal Street Development Project forms part of a master plan that includes the Development of the Trade Centre Roundabout, one of Dubai's critical intersections linking Sheikh Zayed Road with five major arterial roads: Sheikh Khalifa bin Zayed Street, Sheikh Rashid Road, 2nd December Street, Za'abeel Palace Street, and Al Mustaqbal Street.' The project involves the construction of five bridges with a total length of 5,000 metres, and the conversion of the existing roundabout into a surface-level intersection to improve traffic flow from Sheikh Zayed Road towards 2nd December Street, and from Al Mustaqbal Street to Sheikh Zayed Road (southbound). It also enables uninterrupted movement from 2nd December Street (Jumeirah and Al Satwa) to Al Majlis Street, providing direct access to Al Mustaqbal Street, which serves both Dubai World Trade Centre and Dubai International Financial Centre, along with Sheikh Rashid Road towards Deira. In addition, a second-level bridge will ensure free-flowing traffic from Sheikh Zayed Road towards Sheikh Khalifa bin Zayed Street,' he added. The construction of the Trade Centre Roundabout and Al Mustaqbal Street Development Projects is progressing in parallel with another major road infrastructure project in the area. In the last quarter of 2024, the RTA commenced Oud Metha and Al Asayel Streets Development Project, which includes the upgrade of four key intersections through the construction of bridges extending 4,300 metres, in addition to 14 kilometres of roadway. The project serves critical residential, service, and development zones, where the population is expected to exceed 420,000 by 2030. It is set to reduce travel time by 50%, from 20 minutes to just 10 minutes. This project also coincides with the completion of several phases of Al Khail Road Development Project, which included the construction of bridges totalling 3,300 metres and the widening of lanes across 6,820 metres, covering seven key locations along Al Khail Road. The project has resulted in a 30% reduction in travel time and increased the capacity of existing intersections and bridges by approximately 19,600 vehicles per hour.
The National
13-07-2025
- Business
- The National
Dubai unveils Dh633 million plan to cut congestion in busy financial hub
Dubai's transport authority on Sunday awarded a contract for a Dh633 million ($172 million) road scheme aimed at cutting congestion on one of the emirate's busiest traffic routes. The Al Mustaqbal Street development project – which stretches from Zabeel Palace Street to Financial Centre Street – will involve the construction of three tunnels able to serve a combined 9,000 cars per hour, said the Roads and Transport Authority. A 450 metre-long, two lane bridge is also to be built, which will service traffic from Dubai World Trade Centre to the intersection of Zabeel Palace Street and Al Mustaqbal Street. Al Mustaqbal Street will be expanded from three lanes to four lanes in both directions, from its intersection from Financial Street to Zabeel Palace Street, in road widening works covering 3,500 metres. The major revamp will increase capacity from 6,600 vehicles to 8,800 vehicles per hour and aims to slash average travel times from 13 minutes to six minutes. Under the initiative, pedestrian walkways will be upgraded, a dedicated cycling track will be created and additional lighting and public spaces will be established to enhance the look of the area. The RTA did not disclose further details on the major contract and did not state when the works are expected to be completed. Boosting traffic flow The road works are part of a wider Dubai World Trade Centre Roundabout masterplan, which will improve connectivity to the Sheikh Zayed Road, the emirate's main transport link. The project − which was first announced in October − is set to benefit about 500,000 residents and visitors. 'Al Mustaqbal Street Development Project forms part of a broader project that includes the development of the Trade Centre Roundabout, with construction works having commenced in the last quarter of the year,' said Mattar Al Tayer, director general of the RTA. 'The project will serve several key commercial, residential and development zones, most notably the Dubai World Trade Centre, which has been the region's premier venue for international events and exhibitions for over four decades. 'It will further enhance connectivity to key areas, including Zabeel, Downtown Dubai and Business Bay.' The emirate has embarked on a significant road building strategy in recent years in an effort to ensure the emirate's transport infrastructure can keep pace with a booming population, which is fast approaching 4 million. Dubai's government is set to invest heavily in infrastructure in the years ahead as it sets its sights on growing its population to 5.8 million by 2040. In October, the emirate unveiled its largest government budget for 2025-2027, with spending of Dh272 billion. In 2025, expenditure is set at Dh86.26 billion, with 46 per cent to be spent on infrastructure, including roads, bridges, transport systems and renewable energy centres, as well as the Al Maktoum Airport development.
