News: First project at Expo 2020 site announced

Dubai's largest property developer, Emaar Properties, on Thursday announced a joint venture project with Dubai World Central (DWC) to build hotels, malls and golf course communities close to the emirate's 2020 World Expo site.

The project is the first development plans announced after Dubai won the rights in November to host the 2020 World Expo, beating competition from the Brazilian city of Sao Paulo, Yekaterinburg in Russia and Izmir in Turkey in a vote by members of the world fair body.
Spread over 13.63 million square metres, the project's first phase will include a golf course villa community, several hotels, a high-end shopping mall, leisure attractions and a business hub.

Emaar did not specify the value or financing plans for the project.