Dubai could have a $5 billion moon building in the form of destination resort, Canadian architectural company and intellectual property licensor, Moon World Resorts Inc. (MWR) told Arabian Business.
Proposed and co-founded by Sandra G. Matthews and Michael R. Henderson, the resort is designed to be built in 48 months, and will have an overall height of 224 metres.
When constructed, Moon Dubai is expected to add to the emirate’s economy in sectors such as hospitality, entertainment, attractions, education, technology, the environment and space tourism, Henderson said.
“Moon Dubai will be the largest and most successful modern-day tourism project within the entire MENA region, doubling annual tourism visitations to Dubai based on its global appeal, brand awareness and unique multiple integrated offerings,” Moon World Resorts’ Mathews and Henderson said, adding it can “can comfortably accommodate 10 million annual visitors.”
The resort’s lunar surface, surrounded by a “lunar colony,” is expected to enable 2.5 million guests, annually, to experience affordable space tourism on the ground in Dubai.
“Moon Dubai will significantly impact every aspect of the emirate’s economy including tourism, transportation, commercial and residential real estate, infrastructure, financial services, aviation and space, energy, MICE, agriculture, technology and of course education,” Henderson said, adding this would “firmly plant the UAE flag into the forefront of space exploration,” thus, driving millions of global space enthusiasts to seek out all Dubai has to offer.
The next steps
“Currently, MWR is planning a 2023 global road-show series showcasing Moon to potential regional licensees. One such show will take place in the MENA region, potentially Dubai, UAE, with other options including KSA, Qatar, Bahrain and Kuwait,” Henderson said.
He added: “Once the single MENA regional licence has been consummated and the precise location has been chosen, a one year pre-development program will be initiated followed by a four year build out program.”