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Imagine Disney World on steroids. That may help someone get a sense of the concept for this massive entertainment complex, which will cover 278 sq kilometers. The developer is Tatweer, a government-owned company and subsidiary of Dubai Holding. Dubailand will have six components: theme parks, sports venues, eco-tourism, health facilities, science attractions, and hotels and resorts. The largest component will be Bawadi, a 10-km-long resort strip consisting of 50 themed hotels, with a total of 60,000 rooms. This district will include AsiaAsia, the world’s largest hotel (6,500 rooms), and other hotels modeled after ancient Egyptian palaces, Hollywood, and London’s Houses
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.