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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Aramco selects contractors for five offshore tenders23 October 2026
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Brent hits $112 a barrel following Saudi oil field attack22 October 2026
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Nebius agrees Neom AI data centre capacity deal22 October 2026
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Riyadh tenders King Salman Stadium works26 October 2026

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Saudi Arabia’s Sports Ministry has tendered a contract covering early works at King Salman International Stadium in Riyadh.
The scope includes enabling works, site preparation and initial construction activities.
The tender was issued on 11 October, with a submission deadline of 19 November.
The stadium will cover about 660,000 square metres (sq m) and seat 92,000. Facilities will include a 150-seat royal suite, 120 hospitality suites, 300 VIP seats and 2,200 dignitary seats.
The wider development will include sports facilities covering more than 360,000 sq m, including two training fields and fan zones; a closed sports hall; an Olympic-sized swimming pool; an athletics track; and outdoor courts for volleyball, basketball and padel.
The stadium is set to host the final of the 2034 Fifa World Cup and will serve as the Saudi national football team’s main base.
US-based architectural firm Populous is the lead architect for the stadium.
Construction of the stadium is expected to be completed by 2029.
The stadium will be located next to King Abdulaziz Park.
Firms submitted prequalification statements for the main design-and-build contract in February.
Saudi stadium plans
In August 2024, MEED reported that Saudi Arabia planned to build 11 new stadiums and refurbish four facilities for the 2034 Fifa World Cup.
Eight stadiums will be located in Riyadh, four in Jeddah and one each in Al-Khobar, Abha and Neom.
A further 10 cities will host training bases: Al-Baha, Jazan, Taif, Medina, Alula, Umluj, Tabuk, Hail, Al-Ahsa and Buraidah.
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Saudi Arabia was officially selected to host the 2034 Fifa World Cup during an online convention of Fifa member associations at the Fifa Congress on 11 December 2024.
READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDFIndustry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.
Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
> AGENDA: Oxagon takes centre stage at Neom> MARKET FOCUS: Saudi projects hold steady> INDUSTRY REPORT: MEED’s 2026 GCC power developer ranking> LEADERSHIP: The future city does not need to hang above the groundTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20919233/main.jpg -
Aramco selects contractors for five offshore tenders23 October 2026

Saudi Aramco has selected contractors for five offshore tenders covering the engineering, procurement, construction and installation (EPCI) of structures at the Abu Safah, Berri, Manifa, Marjan, Safaniya and Zuluf offshore oil and gas fields in Saudi Arabia.
The tenders are numbers 167, 168, 169, 170 and 171 on Aramco’s Contract Release and Purchase Order (CRPO) system, and are estimated to be worth up to $2bn combined.
Abu Dhabi government-owned NMDC Energy has won CRPOs 167, 169 and 171, while Italian contractor Saipem has secured CRPOs 168 and 170, according to sources.
NMDC Energy confirmed its contract awards from Aramco in a disclosure to the Abu Dhabi Securities Exchange on 23 October, saying the three contracts are valued at AED2.8bn ($763.3m).
Work on the contracts is expected to be completed in 18-23 months, NMDC Energy said in its filing, without providing further details.
Saipem has yet to confirm its contract awards from Aramco.
The basic scope of EPCI work on the tenders is as follows:
- CRPO 167 – eight jackets at the Marjan field development
- CRPO 168 – four production deck modules (PDMs) at the Abu Safah, Berri, Manifa and Safaniya fields
- CRPO 169 – three PDMs at the Marjan field development
- CRPO 170 – three PDMs at the Marjan field development
- CRPO 171 – three PDMs at the Zuluf field development
Aramco issued the five CRPOs to contractors in its Long-Term Agreement (LTA) pool of offshore service providers in December last year, setting an initial bid submission deadline of 3 February.
The Saudi energy giant has since extended the bid submission deadline several times – to 31 March, 1 June, 1 July and then 30 July – to allow LTA contractors sufficient time to prepare proposals.
At the request of some bidders, Aramco granted a final two-day extension, with LTA contractors submitting their proposals for the five CRPOs on 1 August, MEED previously reported.
Aramco had previously indicated its intention to award contracts for CRPOs 167-171 by October, and the contract awards affirm it has adhered to this schedule.
Aramco’s LTA pool of offshore service providers comprises the following entities:
- Saipem (Italy)
- McDermott International (US)
- Larsen & Toubro Energy Hydrocarbon (LTEH, India) / Subsea7 (UK)
- NMDC Energy (UAE)
- Lamprell (UAE/Saudi Arabia)
- China Offshore Oil Engineering Company (China)
- Dynamic Industries (US)
- Sapura Energy (Malaysia)
- TechnipFMC (France) / MMHE (Malaysia)
- Hyundai Heavy Industries (South Korea)
In April 2025, Aramco renewed its LTAs with the following contractors, whose contracts had either lapsed or were close to expiry:
- Saipem
- McDermott International
- Larsen & Toubro Energy Hydrocarbon / Subsea7
- NMDC Energy
- Lamprell
- China Offshore Oil Engineering Company
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Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
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Brent hits $112 a barrel following Saudi oil field attack22 October 2026
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Oil prices climbed more than 3% on 22 October after a drone targeting Saudi Aramco’s Shaybah oil field development killed two people and injured two others a day earlier, adding to concerns over energy supplies as attacks on Saudi energy infrastructure intensified.
Global benchmark Brent crude hit $112.30 in early trading on 22 October, but later pared gains and was trading at $111.52 a barrel as of 11am GST.
Three residents and a Saudi citizen were killed in two separate incidents in Saudi Arabia’s Eastern Province on 21 October, authorities said, as attacks on the kingdom accelerated following an escalation of hostilities with the Iran-backed Houthi group in neighbouring Yemen.
Overnight, the Saudi-led coalition fighting the Houthis in Yemen announced that it had intercepted and destroyed four drones in the Eastern Province.
Saudi air defences intercepted a drone attempting to target a processing facility at Saudi Aramco’s Shaybah oil field development on the morning of 21 October, the Saudi Ministry of Energy said.
The official Saudi Press Agency (SPA) carried a statement quoting an energy ministry official as saying the attempted attack resulted in the deaths of two residents – a Filipino and a Nepali – and injuries to two others – an Indian and a Pakistani – after debris fell due to the interception.
Following the interception, a fire broke out in a vehicle belonging to a contractor at the Shaybah oil field, outside the facility’s perimeter, with no impact on operations.
Dammam airport attack
Separately, a Houthi attack on King Fahd International airport in Dammam on the evening of 21 October killed an Indian resident and a Saudi citizen.
Eight people were also injured in the attack, including a Saudi national, a Nepali, and two nationals each from India, Yemen and Bangladesh. Injuries ranged from minor to critical, the Saudi General Authority of Civil Aviation (Gaca) said the next day.
“The attack also caused property damage, the extent of which is currently being assessed. Further updates will be provided,” Gaca said, adding that operations had since resumed at Dammam airport.
Saudi Arabia has come under sustained attack from the Iran-aligned Houthi rebel group in October, including strikes on Riyadh’s international airport in what authorities described as the kingdom’s deadliest incidents in years, as the war with the group escalates.
The Houthi militias also struck an administrative building at Aramco’s headquarters in Dhahran, in the Eastern Province, on 13 October, resulting in a limited fire.
The Houthi rebels opened a new front in the regional war between Iran and the US in mid-July, when they breached a four-year truce with Saudi Arabia in Yemen’s civil war, which began in 2014, and started attacking Saudi vessels and Aramco energy assets along the Red Sea, including repeated strikes on the Jizan refinery.
The 1,200-kilometre East-West pipeline operated by Aramco was also hit by Houthi missiles in September, and once directly by Iran in April.
The East-West pipeline transports crude from Saudi Arabia’s Eastern Province oil fields to the Red Sea port city of Yanbu on the kingdom’s west coast. It has a pumping capacity of 7 million barrels a day.
Saudi Arabia relies heavily on the East-West pipeline to bypass the volatile Strait of Hormuz maritime chokepoint and ship crude from its Red Sea coast. Riyadh has increasingly used the line to route exports away from Hormuz since the US-Iran conflict began on 28 February – a tactical advantage most of its Gulf neighbours lack.
Aramco resumed crude exports via the pipeline at the start of October.
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Nebius agrees Neom AI data centre capacity deal22 October 2026
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Saudi artificial intelligence (AI) company Humain and data centre developer DataVolt have signed a preliminary framework agreement with Netherlands-based AI cloud company Nebius for up to 50MW of data centre capacity at Oxagon, Neom’s industrial city on the kingdom's Red Sea coast.
Under the proposed agreement, Nebius will become an anchor customer at the planned AI data centre campus.
The contemplated capacity represents half of the initial 100MW currently under construction, which forms part of a planned 360MW first phase.
The capacity is expected to be commissioned in stages from the fourth quarter of 2027.
Humain, which is owned by Saudi sovereign wealth vehicle the Public Investment Fund, and DataVolt began construction on the initial 100MW facility at Oxagon in September. The wider campus is planned to reach 1.5GW of capacity.
The agreement was signed during Nvidia’s GTC event in Berlin, held on 20-22 October. The US graphics processing unit (GPU) designer hosts the GPU Technology Conference (GTC) to showcase advances in AI and accelerated computing.
Nebius is expected to deploy Nvidia-powered computing infrastructure at the Oxagon campus to support its AI cloud business and international customer base.
The project combines Humain’s AI capabilities with DataVolt’s experience in developing, financing and operating digital infrastructure. It is intended to support large-scale AI and cloud workloads for Saudi and international customers.
Oxagon is seeking to position itself as a location for energy-intensive digital infrastructure, supported by pre-zoned industrial land, power resources and subsea cable connectivity to Europe and Africa. The development is also expected to incorporate renewable energy and advanced cooling systems.
The Oxagon campus builds on an agreement signed in February 2025 by Neom and DataVolt to develop data centre infrastructure at the site. That deal involved an investment of about $5bn and envisaged a 1.5GW development.
In September 2025, DataVolt signed a memorandum of understanding with South Korea’s LG Electronics covering cooling systems for the Oxagon data centre project.
DataVolt was founded in 2023 and is a wholly owned subsidiary of Saudi infrastructure developer Vision Invest. Humain was launched in May 2025 to develop capabilities across the AI value chain, including data centres, high-performance computing infrastructure, cloud platforms and AI models.
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Riyadh awards $301m Sheikh Jaber Road contract22 October 2026

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The Royal Commission for Riyadh City (RCRC) has awarded an estimated SR1.13bn ($301m) contract to local firm Alomaier Trading & Contracting Company to upgrade a section of Sheikh Jaber Al-Ahmad Al-Sabah Road in the capital.
The project covers the construction of an urban road about 3 kilometres (km) long, with a right-of-way width of about 120 metres.
The scope of work includes the delivery of three interchanges featuring post-tensioned, voided-slab concrete bridges; a cut-and-cover tunnel; and three box culverts designated IC02, IC03 and IC04.
The contract also encompasses pumping and lifting stations, stormwater drainage and irrigation networks, earthworks, asphalt paving, roadway lighting, power distribution systems, mechanically stabilised earth retaining walls and landscaping works.
The award forms part of RCRC’s wider programme to upgrade Riyadh’s arterial road network, decongest critical bottlenecks and expand transportation capacity in the city ahead of Expo 2030 and the 2034 Fifa World Cup.
The contract award follows RCRC’s appointment in May of a joint venture of Riyadh-based Al-Rashid Trading & Contracting Company and Turkiye’s IC Ictas for an estimated SR5bn ($1.3bn) contract to construct another section of Sheikh Jaber Al-Sabah Road.
That project covers 12km from Khurais Road to Al-Thumama Road and is a component of Riyadh’s Second Eastern Ring Road scheme.
Alomaier Trading & Contracting Company has secured several contracts in recent months.
In August, Saudi Arabian Railways awarded the contractor an estimated SR4bn-plus ($1.1bn) contract to add a second track to the first section of the existing phosphate railway in the kingdom’s Eastern Province.
The railway package covers about 100km between AZ1/Nariyah Yard and Ras Al-Khair. Works include track doubling, alignment modifications, utility bridges, culvert widening, hydrological structures, conversion of the AZ1 siding into a mainline track, and enabling works for signalling and telecommunications systems.
READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDFIndustry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.
Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
> AGENDA: Oxagon takes centre stage at Neom> MARKET FOCUS: Saudi projects hold steady> INDUSTRY REPORT: MEED’s 2026 GCC power developer ranking> LEADERSHIP: The future city does not need to hang above the groundTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20833960/main.jpg