Dubai Municipality has handed out a $500 million contract to build a major new conference centre on the shores of the Creek.
State news agency WAM reported that the 55,000 square metre site will be based in Al Jadaf, opposite Dubai Festival City.
The Dubai Conference Centre (Arena) will contain three hotel and office buildings as well as the Sheikh Rashid conference hall, which will have capacity to host 10,000 people.
With five sub-halls, Sheikh Rashid Hall is designed to host international conferences, concerts and theatrical shows. The main conference hall will be connected to the hotel and office buildings via a glass corridor featuring shops and restaurants.
The site features one 33-storey three-star hotel and one 48-storey four-star hotel, while the office tower will be 36 storeys high.
The complex was first announced in April as one of six new megaprojects that will be built in the city. Those include Vertical Industrial City, Dubai Steps and the Hardware, Bicycles and Green Building markets in Warsan.