website: http://www.constructionweekonline.com/article-34857-dubai-parks-and-resorts-q2-cumulative-spend-1bn/
Dubai Parks and Resorts remains on track for October 2016 launch with $1.03bn (AED3.8bn) cumulative project expenditure recorded at the end of June 2015.
Raed Al Nuami, CEO, Dubai Parks and Resorts, said, “In a little over 12 months, we will deliver a world-class attraction for residents and tourists in the United Arab Emirates. We continue to track well against our plans and it is pleasing to see the project coming to life a little more each day as we come closer to realising our vision."
He added, “Our project infrastructure is 57% complete as at the end of second quarter, up from 43% in the first quarter, ride engineering and manufacturing is progressing as planned with 52% complete and 80% of our procurement has been completed.”