Ten projects that will shape Dubai’s future
5 September 2023

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Dubai is back with major projects after several years of subdued activity following Expo 2020 and the Covid-19 pandemic.
Over the past year, plans have emerged for 10 projects across various sectors that will help shape the emirate’s development over the coming decade.
Many of these projects have been planned for years. After stalling during the low-oil-price era of 2015-20, positive economic tailwinds mean many of these schemes are now being revisited by their owners and relaunched.
| 1. Tower at Creek Harbour |
The most recent relaunch announcement came at the end of August, when Emaar Properties founder Mohammad Alabbar revealed plans to redesign and relaunch the Tower at Dubai Creek Harbour.
The design works are expected to be completed by the first quarter of 2024, and construction slated to begin in the second half of 2024.
Details of the redesigned tower have not been launched, but sources close to the project say it will be tall and feature high-end residential units. This reflects Dubai’s buoyant property market and will stand in sharp contrast to the original design that involved building a 1,000-metre-tall observation tower.
Construction on that project stalled in 2019 after work on the foundations was completed. Two bidders were competing for the estimated $5.5bn contract to build the tower. They were Beijing-based China State Construction Engineering Corporation and a joint venture of the local/Belgian Belhasa Six Construct and Tishman, which US-based Aecom owns.
Belhasa Six Construct completed the raft foundations for the tower in May 2018. France’s Soletanche Bachy finished the piling.
Spanish/Swiss architect and engineer Santiago Calatrava Valls was the main consultant on the project, with the local office of Aurecon, supported by the UK’s RMJM and Dubai-based DEC, acting as local engineer and architect of record. The project manager for the tower was US-based Parsons.
| 2. Dubai Metro Blue Line |
The Dubai Creek Harbour development in Ras al-Khor will connect to Dubai’s Metro network via the planned Blue Line, which will serve as an extension to the existing Red and Green lines.
Dubai’s Roads & Transport Authority (RTA) is preparing to issue tender documents for the Blue Line.
The Green Line extension will commence from its current terminus at Creek station in the Jadaf area. It will cross over to the Dubai Creek Harbour development and continue through Ras al-Khor, International City, Dubai Silicon Oasis and Academic City, before concluding near the Desert Rose project. The line will have 11 stations.
The Red Line extension will connect its existing terminus in Rashidiya to Mirdif City Centre and continue through Mirdif and Warqaa, before joining the Green Line extension in International City.
The project was put on hold during the Covid-19 pandemic and reactivated in early 2022, when UK-based Atkins and Grimshaw, US-based Parsons and France’s Egis restarted design work.
The last metro project to be completed in Dubai was Route 2020, which connected the Red Line to the Dubai Expo site. The AED10.6bn ($2.9bn) contract to design and build the line was awarded to a consortium of Alstom, Spain’s Acciona and Turkiye’s Gulermak.
| 3. Deep Tunnels Portfolio |
Another major infrastructure scheme is the Deep Tunnels Portfolio, which involves developing deep-gravity sewage tunnels and treatment plants across the emirate.
In August, Dubai Municipality began the process of appointing a project management consultant to oversee the scheme, which will be developed as a public-private partnership (PPP).
Two sets of deep tunnels will be constructed, terminating at two terminal pump stations at sewerage treatment plants (STPs) in Warsan and Jebel Ali. A conventional sewage and drainage collection system and STPs will be built in Hatta.
The scheme also includes recycled water distribution systems connected to the STPs.
Dubai’s Executive Council approved the project in June and said it would require an investment of about AED80bn ($22bn). It added that the project has been designed to serve the needs of the Dubai population for the next 100 years in alignment with the Dubai Economic Agenda D33 and Dubai Urban Plan 2040.
| 4. DWTC/Candy tower |
Dubai World Trade Centre (DWTC) and UK-based Candy Capital have formed a joint venture to develop three towers in Dubai’s One Central commercial district.
The mixed-use towers will have two branded residences, two hotels and office space. The construction work involves building three towers. The two taller towers will be connected by a sky bridge containing one of the hotels.
Dubai-based Killa Design has been appointed as the architect for the project.
Candy Capital is a privately held family office established by British entrepreneur and businessman Nick Candy. His best-known property development is One Hyde Park in London, which he developed with his brother Christian. It comprises 86 apartments and three retail units and is considered one of the wealthiest residences in the world.
| 5. Al-Maktoum International airport |
Dubai plans to restart the emirate’s largest construction project, the AED120bn ($33bn) expansion of Al-Maktoum International airport, also known as Dubai World Central (DWC).
The expansion was officially launched in 2014. It involves building the biggest airport in the world by 2050, with the capacity to handle 255 million passengers a year. An initial phase, which was due to be completed in 2030, aims to take the airport’s capacity to 130 million passengers a year.
Altogether, the development will cover an area of 56 square kilometres.
Progress on the project slipped as the region grappled with the impact of lower oil prices and Dubai focused on developing the Expo 2020 site. Tendering for work on the project then stalled with the onset of the Covid-19 pandemic in early 2020.
Firms were competing for the estimated $2.7bn substructure contract for Concourse 1 and the West Terminal building – the largest contract tendered for the project.
The contract covers the delivery of more than 1.7 million square metres of connected basement footprint, housing the people-mover tunnels, baggage handling systems, ground services road network and other back-of-house technical and support facilities.
| 6. Palm Jebel Ali |
Dubai released details of the new masterplan for Palm Jebel Ali, an artificial island located south of Jebel Ali Freezone, in June.
Double the size of Palm Jumeirah, Palm Jebel Ali will have 110 kilometres of shoreline and extensive green spaces. The development will feature over 80 hotels and resorts and a diverse range of entertainment and leisure facilities.
It includes seven connected islands, catering to approximately 35,000 families. The development also emphasises sustainability, with 30 per cent of public facilities powered by renewable energy.
MEED reported in January that local developer Nakheel had approached contractors to complete the reclamation works for Palm Jebel Ali.
As with Palm Jumeirah, it is estimated that it could take around 20 years for Palm Jebel Ali to reach its full development potential. Nakheel has previously secured AED17bn ($4.6bn) in funding to expedite the development of various projects, including the Dubai Islands and other waterfront schemes.
The upcoming dredging contract for Palm Jebel Ali is anticipated to involve 5-6 million cubic metres of material, contributing to the completion of the man-made offshore island.
While reclamation work for Palm Jebel Ali is mostly finished, the project was put on hold in 2009. Nakheel had made some progress with infrastructure development, including the construction of bridges on the island by Samsung C+T.
| 7. The Oasis by Emaar |
Another major masterplanned development was launched by Emaar Properties in June. The $20bn Oasis by Emaar covers a total land area of more than 9.4 million square metres, close to Dubai Investments Park. The project involves building over 7,000 residential units along with water canals, lakes and parks. It will also include the development of a 150,000 sq m retail area.
| 8. The Island |
Another project that has been restarted in recent years is The Island, which Wasl is developing.
Located off the coast of Umm Suqeim, near the Jumeirah public beach, it is expected to feature 1,400 hotel rooms and apartments, in addition to retail, food and beverage and entertainment options. The 10.5-hectare island will include properties featuring the MGM, Bellagio and Aria hotel brands.
The developer is close to appointing a contractor to build the development after bids were submitted earlier this year.
Tender documents for the contract were previously issued in 2020, when the project was being delivered with a consultancy team led by South Africa’s Mirage.
Germany’s Kling Consult is now the project manager.
| 9. Al-Habtoor Tower |
The $1bn Al-Habtoor Tower project is located at Al-Habtoor City, next to Dubai Water Canal, on a 7,500 sq m plot. The tower, which the developer describes as one of the largest buildings in the world, will have three basement levels, a seven-storey podium and 73 floors of residences. The built-up area will be 350,000 sq m.
Its construction is technically challenging because the tower will be built above an existing parking basement that serves the already completed buildings at Al-Habtoor City.
Al-Habtoor had the option of demolishing the basement. Instead, it decided to employ a top-down approach to the construction that involves piling down through the basement, while at the same time starting construction above ground.
The top-down approach is expected to reduce the construction time by about one year, meaning the tower will be completed in 1,000 days or roughly three years.
China Railway 18th Bureau Group was appointed as the main contractor in May.
| 10. Dubai Pearl |
After two aborted attempts, development is expected to start again at the Dubai Pearl site, located north of Dubai Media City close to the Palm Jumeirah.
The structures erected for the previous project have been demolished this year. Dubai Holding, which now owns the land, has held a design competition and is in the final stages of selecting the winning architect.
Local project management firm North 25 is overseeing the design competition.
Exclusive from Meed
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Dewa completes $2.7bn refinancing of Noor Energy 128 September 2026
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BP to drill new well in Egypt as part of $700m campaign28 September 2026
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Oil company talks shape Libya licensing round28 September 2026
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Oman awards exploration blocks to state upstream firm28 September 2026
Oman’s Ministry of Energy & Minerals (MEMR) has awarded state-owned upstream firm OQ Exploration & Production (OQEP) exploration rights for three hydrocarbon blocks in the sultanate.
OQEP, which is 75% owned by Omani state energy group OQ, has secured rights for Blocks 36, 43A and 66.
Under the agreements, OQEP will conduct geological and geophysical surveys, analysis and modelling, and drill exploratory wells at the three blocks, with the aim of developing recoverable reserves.
Neither MEMR nor OQEP disclosed the blocks’ locations, areas or prospective reserves in their statement.
OQEP’s portfolio comprises 14 upstream oil and gas exploration and production assets in Oman, covering onshore and offshore operations and assets held under service contracts.
Formerly known as Oman Oil Company Exploration & Production, OQEP’s flagship assets include Block 60, which contains the Abu Tubul and Bisat oil fields, and Block 48. The company also holds strategic interests in gas-producing Blocks 9, 10 and 61.
Offshore expansion
OQEP has been expanding its offshore exploration portfolio. In February, the company acquired a 30% participating interest in offshore Block 18, following MEMR’s award of exploration rights to a joint venture between OQEP subsidiary OQ Exploration & Production Al-Batinah Offshore and PC Oman Ventures, a wholly owned subsidiary of Malaysia’s Petronas.
Located off Oman’s northeastern coast, Block 18 covers more than 21,000 square kilometres in the Sea of Oman, with water depths ranging from 50 metres to 3,000 metres. No confirmed discoveries have previously been reported in the block.
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Under the concession agreement, Petronas holds a 70% participating interest and operatorship, while OQEP holds the remaining 30%.
OQEP has also expanded its producing portfolio through the acquisition of a 35% interest in onshore Block 27 from Japan's Mitsui E&P Middle East in April. The transaction was valued at RO28.8m ($75m).
Block 27 is operated by US-based Occidental Petroleum, which holds a 65% participating interest under an exploration and production-sharing agreement valid until 2035.
OQEP expects its interest in the block to contribute approximately 3,500 barrels of oil equivalent a day (boe/d) in additional net production this year.
In June, MEMR signed an with OQEP and state-owned Turkiye Petroller AO (TPAO), granting the companies exclusive exploration, appraisal, development and production rights for offshore Block 80.
The block covers approximately 5,737 sq km in the Gulf of Oman, near the Strait of Hormuz and off Musandam governorate. It includes the producing Bukha and West Bukha oil and gas fields.
The agreement stipulates a minimum exploration investment commitment of $90m over an initial eight-year exploration period. The work programme is divided into two phases to evaluate the block’s hydrocarbon potential.
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Saudi Arabia qualifies firms for gas-fired IPPs28 September 2026
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Principal buyer Saudi Power Procurement Company (SPPC) has qualified 13 companies to bid for the third round of Saudi Arabia’s combined-cycle gas turbine (CCGT) independent power producer (IPP) programme.
The projects will comprise new CCGT plants developed on a build-own-operate basis. Each project will be implemented through a special-purpose project company wholly owned by the successful bidder.
The qualified firms are:
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- Acwa (Saudi Arabia)
- Al-Bawani Capital (Saudi Arabia)
- Al-Jomaih Energy & Water (Saudi Arabia)
- EDF (France)
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- PowerChina (China)
- Saudi Energy (Saudi Arabia)
- Sumitomo Corporation (Japan)
Developers submitted statements of qualification for the round on 23 August, as exclusively reported by MEED.
Some have already begun “the process of forming consortiums to bid” for the project, with up to three or four groups likely to make offers.
Also in September, MEED exclusively reported that US-based GE Vernova was close to finalising a turbine reservation agreement with SPPC for the plants.
The new plants will use advanced H-class or J-class gas turbine technology. Each IPP is expected to comprise two or three gas turbine generators, corresponding heat recovery steam generators with duct firing, and one or two steam turbine generators.
The request for qualifications released by SPPC in July did not specify the number, locations or capacities of the projects, which mark the next stage of its CCGT IPP programme.
The first round comprises Taiba 1, Taiba 2, Qassim 1 and Qassim 2, with a combined capacity of 7,200MW.
The second round comprises Rumah 1, Rumah 2, Nairyah 1 and Nairyah 2, also with a combined capacity of 7,200MW.
Saudi Arabia’s Acwa recently said it had begun initial commercial operations at the Taiba 1 and Qassim 1 CCGT power plants.
US/India-based Synergy Consulting is the financial adviser for the procurement; Germany’s Fichtner is the technical adviser; and UK-headquartered Eversheds Sutherland is the legal adviser.
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Dewa completes $2.7bn refinancing of Noor Energy 128 September 2026
Dubai Electricity & Water Authority (Dewa) has completed a $2.7bn refinancing of the 950MW Noor Energy 1 project, the fourth phase of Dubai’s Mohammed Bin Rashid Al-Maktoum Solar Park.
Noor Energy 1 reached commercial operation in 2024. The project company was established to design, build and operate the plant. It is owned by Dewa (51%), Acwa (25%) and China’s Silk Road Fund (24%).
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BP to drill new well in Egypt as part of $700m campaign28 September 2026
London-headquartered BP has moved the Valaris DS-12 drilling rig to a new position ahead of drilling the planned Ghorab-1 exploration well, according to a statement from Egypt’s Ministry of Petroleum & Mineral Resources.
The Ghorab-1 exploration well will be drilled in the offshore West Nile Delta (WND) concession and is part of a $700m drilling campaign that started in April this year.
The rig was moved to the new position after drilling the Fayoum-4 well.
The Ministry of Petroleum said the well had commenced production and was connected to the national natural gas grid, delivering approximately 80 million cubic feet a day of gas.
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with officials from BP last week to discuss progress on the drilling campaign.
They discussed BP’s strategic direction and priorities, as well as its future business plans, according to the statement from the Ministry of Petroleum.
Increased interest
Amid the US and Israel’s ongoing conflict with Iran and the ongoing war between Russia and Ukraine, oil assets in North Africa have become increasingly appealing to international oil companies.
Disruptions to oil and gas exports through the Strait of Hormuz have severely disrupted a range of countries, including Qatar, the UAE, Saudi Arabia, Iraq and Kuwait.
London-headquartered Shell has also been pushing ahead with strategic projects in Egypt over recent months.
In August, BG Delta, a Shell subsidiary, reached the final investment decision for phase 12a of the West Delta Deep Marine (WDDM) development project.
The project will be implemented in partnership with Malaysia’s Petronas and state-owned Egyptian General Petroleum Corporation (EGPC).
Shell, Petronas and EGPC formed a joint venture called Burullus Gas Company to operate the WDDM concession.
Phase 12a includes drilling and completing three deepwater gas wells, with production expected to begin in 2028.
The wells will be tied into existing subsea infrastructure, helping accelerate development, improve capital efficiency and limit the need for additional facilities.
In April, Egypt’s Petroleum Marine Services (PMS) was awarded a contract for offshore works for phase 12 of the WDDM field development project.
The contract awarded to PMS uses the engineering, procurement, installation and construction contract model.
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Oil company talks shape Libya licensing round28 September 2026

Conversations with London-headquartered international oil companies (IOCs) are playing a key role in shaping plans for Libya’s next licensing round.
Representatives from Shell and BP travelled to Libya earlier this month as part of a Libyan British Business Council (LBBC) delegation.
During the trip, the oil companies’ representatives met with officials from Libya’s National Oil Corporation (NOC).
Peter Millett, chair of the LBBC and a former British ambassador to Libya, told MEED: “NOC is considering its next licensing round and an important part of that process is talking to IOCs like BP and Shell about what kind of terms would make blocks appealing to them.
“They are asking these oil companies what they can do differently in order to get more investment.”
Libya’s NOC chairman is Masoud Suleman, who was formally appointed in October last year after serving as acting chairman since January 2025.
Shortly after he became acting chairman, the NOC announced the results of its most recent licensing round, which was launched in March 2025 and was the country’s first in 17 years.
A total of five blocks out of 22 available were ultimately awarded in the 2025 licensing round.
One of the blocks, known as Block S4, was awarded to US-based Chevron, and the production-sharing agreement (PSA) for the block was signed in August.
Investment drive
Millett said Libya is seeking large investments from oil companies in order to boost national production.
“The way that Masoud Suleman is running NOC is impressive and technocratic,” he said. “One of his focuses is making his organisation into a partner that IOCs want to work with.”
“NOC has the ambition to produce more oil and export more oil, but they need investment in order to do this.
“They received some money from the central bank for a budget, but it is just a fraction of what they need.
“There’s a huge requirement to invest in infrastructure, such as processing facilities and pipelines, so they’re looking to outside companies to bring them investment and technology.”
Amid the US and Israel’s ongoing conflict with Iran and the ongoing war between Russia and Ukraine, oil assets in North Africa have become increasingly appealing to IOCs.
Disruptions to oil and gas exports through the Strait of Hormuz have severely affected a range of countries, including Qatar, the UAE, Saudi Arabia, Iraq and Kuwait.
Millett believes Libya’s proximity to consumer markets could help it secure investment to develop its oil and gas sector.
“Oil companies appear to be becoming increasingly willing to provide this investment in the current climate, because it is relatively easy to transport Libyan crude to customers,” he said.
“The only strait that you might need to go through is the Strait of Gibraltar, and this is easy compared to the problems that countries like Iraq and Kuwait are having shipping their crude through the Strait of Hormuz at the moment.”
Security challenges
While Libya’s location offers significant benefits in terms of ease of exports, operating in the country comes with security challenges.
Over recent weeks, both the Mellitah oil and gas complex and the Zawiya refinery in the west of the country have been disrupted by the actions of armed groups.
On top of this, a key pipeline was shut down by militants, temporarily cutting national production by 130,000 barrels a day.
While Libya has significant potential to expand its oil and gas sector, IOCs will likely watch for signs of deteriorating security before committing to large investment projects.
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