The high-profile dispute over unpaid bills that has beset the Dubai Metro project will not deter international bidders for contracts on the nation-wide rail network, the CEO of state-owned Union Railway said on Monday. Dubai’s Roads and Transport Authority (RTA) was locked in a standoff with the Japanese-led consortium building the Dubai Metro for months over unpaid bills that run into billions of dollars, which brought construction to a near standstill.
The key factors behind the strong growth forecast in UAE’s retail sales in 2010 and beyond is the expected increases in household consumption, growing urbanisation, high wealth levels as well as an overall improvement in consumer confidence as the worst of the economic crisis is over. One further factor that will assist the retail sector in growing is the success of the Dubai Metro, which started some services in September 2009. With some stations located inside or adjacent to major shopping malls, retailers are expected to see sales rise significantly.
With nearly 12 million passengers travelling by Dubai Metro in just six months, the world’s largest driverless rail network is well on track. Dubai Metro helps Dubai in its quest to become the city of the 21st century — a goal that is so aggressively pursued by its leadership.
Dubai metro will double its number of trains when seven new stations open next month, according to a report on Friday. According to The National daily, a transport official said that the move would reduce the maximum waiting times at stations from 10 minutes to six minutes during rush hour.
“The number of passengers in 2010 is set to grow further with the opening of rest of the stations on the Red Line of the Metro,” said Mattar Al Tayer, Chairman of the Board and Executive Director of the RTA. He hoped that only the Metro would carry more than 35 millon passengers this year as the users are increasing gradually.
H.E. Mattar Al Tayer, Chairman of the Board and Executive Director of Roads & Transport Authority (RTA), revealed that RTA mass transit modes (comprising Dubai Metro, public buses, marine transport modes and taxis) had lifted more than 288.777 million persons in 2009 and the daily ridership of public transport modes exceeded 842 thousand peoples
Properties located near Dubai Metro stations have not seen the expected hike in rental rates that was initially anticipated when the new transport network opened in September last year, a Dubai-based real estate executive told Arabian Business.
The winners of the 4th Dubai Lynx Awards, the leading creative advertising competition for the Middle East and North Africa, were revealed last night at the awards ceremony which took place to a packed room at the newly opened Palladium in Dubai Media City. The Dubai Metro ‘Abandoned Cars’ campaign by Saatchi & Saatchi Dubai won this year’s Outdoor Grand Prix.
The high-profile dispute over unpaid bills that has beset the Dubai Metro project will not deter international bidders for contracts on the nation-wide rail network, the CEO of state-owned Union Railway said on Monday. Dubai’s Roads and Transport Authority (RTA) was locked in a standoff with the Japanese-led consortium building the Dubai Metro for months over unpaid bills that run into billions of dollars, which brought construction to a near standstill.
GNTV, Dubai Metro six months .on rides the Dubai Metro for the day and finds out what commuters think, six months on.
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