Some Facts about Dubai and Currency Uae
A second airport located at Jebel Ali?and a new free trade area within Dubai, marking the centrepiece of the Jebel Ali Airport City?was announced in 2004 and construction began in January 2005. Although initially intended as a predominantly cargo airport, plans are afoot for the new Jebel Ali airport to handle some 40 million passengers per annum within 20 years.
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There is currently a $3.89 billion Dubai Metro project under construction for the emirate. The Metro system is expected to be partially operational by 2009 and fully operational by 2012. The construction contract for the project was given to Dubai Rapid Link (DURL)[9], a consortium lead by Mitsubishi Heavy Industries. Also involved are two other Japanese corporations, Obayashi and Kajima, and a Turkish company, Yapi Merkezi. The metro will comprise two lines: the Green Line from Rashidiya to the main city center and the Red Line from the airport to Jebel Ali. The Dubai Metro will have 70 kilometers of track and 43 stations, 33 above ground and ten underground. Trains are expected to run every 90 seconds when the project is completed. Dubai is building this train system to ease congestion on its road network and to meet the transportation demands of its growing population.
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Nearly all of the commercial establishments are run by expatriates with a silent local partner who merely "rents" the business license for a negotiated annual fee without taking part in any capital investment. The numerous free trade zones allow for full expatriate ownership.