Dubai Sports City development cost over $3bn
Thursday, April 12, 2007
Sports City yesterday awarded contracts worth Dh830 million to a joint venture of Dubai-based Arabtec Construction and German company Max Bogl for construction of two stadiums.
The total development cost of Dubai Sports City, the world’s first integrated purpose-built sports city, is expected to touch $3.2 billion (Dh11.7bn) when it is completed in 2010. It will be an increase of almost 30 per cent since launch in March 2004. The increase to soaring raw material prices and an expansion of the multi-purpose outdoor stadium to accommodate 60,000 people from the previous capacity of 25,000.
The joint venture will design and build a 60,000-seat multi-purpose outdoor stadium and a 10,000-seat multipurpose indoor stadium. The stadiums will be designed by gmp, an international firm that designed the Olympic Stadium in Berlin and the Commerz Bank Stadium in Frankfurt.
The multi-purpose stadium will fully comply with specifications for international football, rugby, American football and athletics events.
The indoor stadium will allow for a wide range of sporting events such as ice hockey, basketball, tennis and volleyball. The venue will also be capable of hosting concerts and other major public gatherings.
A 25,000-capacity cricket stadium and a 5,000-seat hockey stadium, both of which are due for completion in early 2008, complete the quartet of major stadiums at Sports City. The first phase will be completed by the first quarter of 2008, and the residential components by the end of 2008 and 2010.
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The total development cost of Dubai Sports City, the world’s first integrated purpose-built sports city, is expected to touch $3.2 billion (Dh11.7bn) when it is completed in 2010. It will be an increase of almost 30 per cent since launch in March 2004. The increase to soaring raw material prices and an expansion of the multi-purpose outdoor stadium to accommodate 60,000 people from the previous capacity of 25,000.
The joint venture will design and build a 60,000-seat multi-purpose outdoor stadium and a 10,000-seat multipurpose indoor stadium. The stadiums will be designed by gmp, an international firm that designed the Olympic Stadium in Berlin and the Commerz Bank Stadium in Frankfurt.
The multi-purpose stadium will fully comply with specifications for international football, rugby, American football and athletics events.
The indoor stadium will allow for a wide range of sporting events such as ice hockey, basketball, tennis and volleyball. The venue will also be capable of hosting concerts and other major public gatherings.
A 25,000-capacity cricket stadium and a 5,000-seat hockey stadium, both of which are due for completion in early 2008, complete the quartet of major stadiums at Sports City. The first phase will be completed by the first quarter of 2008, and the residential components by the end of 2008 and 2010.
Labels: Dubai Sports City, New Contracts
