Parts of Expo City Dubai to open to visitors from September 1 By Pramod Kumar August 29, 2022, 12:04 PM Government of Dubai Media Office Alif – The Mobility Pavilion and Terra – The Sustainability Pavilion, will reopen from September 1, costing AED 50 per pavilion, per person Fans of Expo 2020 Dubai will be able to visit some of the event’s key features and pavilions from September 1, a month ahead of the official reopening of the site as a business and entertainment hub. The Government of Dubai Media Office announced on Monday that two of the site’s most popular pavilions, Alif – The Mobility Pavilion and Terra – The Sustainability Pavilion, will reopen to the public from September 1, with entry costing AED 50 ($13.61) per visitor, per pavilion. Tickets can be bought at kiosks onsite and visitors can also get an aerial view of the city as Garden in the Sky will also reopen, with tickets priced at AED 30 each. In June it was announced that the Expo 2020 Dubai site is to be transformed into the emirate’s newest business free zone – and is being lined up as a possible venue for more of the world’s biggest events. Sheikh Mohammed bin Rashid Al Maktoum, the vice president and prime minister of the UAE and the ruler of Dubai, unveiled the plan for Expo City Dubai, part of the Dubai 2040 Urban Master Plan, on Monday. Set to open fully on October 1 this year, the city will include offices, leisure facilities, food and entertainment venues, sports facilities and a mall. The Dubai Exhibition Centre, which hosted global summits, conferences and concerts during the six months of the expo, will continue to host a range of business and entertainment events. The city will be accessible only by pedestrians, with no cars or heavy vehicles, and free of single-use plastic, carrying forward the sustainability legacy of Expo 2020.
Finance Pakistan agrees to $1bn loan from Middle Eastern banks Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6-7 percent interest rate, its finance minister Muhammad Aurangzeb told Reuters on Tuesday, as the South Asian country searches for more financing. “With two institutions we have now gone forward in signing up the term sheet – one bilateral […] 4 hours ago
Economy Egypt targets €4bn EU funding by June Egypt is aiming to strike a deal with the European Union (EU) to secure €4 billion ($4.2 billion) in financing to back its current reform agenda, according to a media report. Cairo has started negotiations with the EU, with the funds directed towards budget support and not specific projects, Asharq Business reported, quoting minister of […] 3 hours ago
Energy Fertiglobe’s $1bn blue ammonia bet hinges on Asia Abu Dhabi-listed Fertiglobe will invest $1 billion in expanding its blue ammonia plant capacity if Asian countries commit to buying. The final decision on the investment depends on securing contracts from Japan and South Korea, who have plans to subsidise imports of the blue ammonia, CEO Ahmed El-Hoshy told Bloomberg. The capacity building will take through […] 2 hours ago
Real Estate PIF worker housing company buys luxury compound Smart Accommodation for Residential Complexes Company (Sarcc), the company established to provide housing for workers employed on major projects, has bought a luxury residential compound in Riyadh. Sarcc acquired Al Nakhla Residential Resort in Riyadh for SR2.5 billion ($667 million). The development, located in northern Riyadh, has more than 600 apartments and over 500 villas. […] 12 hours ago
