
RTA completes all phases of Al Shindagha Corridor Development Project on Bur Dubai side
The Roads and Transport Authority (RTA) has inaugurated the final bridge of the Sheikh Rashid Road and Al Mina Street intersection development project, completing all phases of the Al Shindagha Corridor Development Project in Bur Dubai.
This achievement ensures uninterrupted traffic flow from Al Garhoud Bridge to Port Rashid via Infinity Bridge, extending to the Waterfront Market.
The project has significantly reduced travel time along the corridor, cutting it from 80 minutes to just 12 minutes. Traffic from Jumeirah Street to Infinity Bridge now takes only five minutes, while journeys from Infinity Bridge to Al Mina Street and Al Wasl Road at the 2nd December Street intersection also take five minutes.
Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, stated that the project aligns with directives from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.
Spanning 13 km, the corridor serves one million residents and major developments, including Dubai Islands, Dubai Waterfront, and Port Rashid.
The project, covering Sheikh Rashid Road, Al Mina Street, Al Khaleej Street, and Cairo Street, includes 15 intersections, 18 km of bridges and tunnels, and a traffic capacity increase from 6,400 to 24,000 vehicles per hour. Travel time has been reduced from 104 minutes to just 16 minutes, with an estimated economic benefit of AED45 billion over 20 years.
The final bridge at the Sheikh Rashid Road and Al Mina Street intersection features five bridges totalling 3.1 km, accommodating 19,400 vehicles per hour. The project also includes two pedestrian bridges to enhance safety.
The Falcon Intersection, at Khalid Bin Al Waleed Road and Al Mina Street, consists of three bridges and a tunnel with a total capacity of 28,800 vehicles per hour. The development includes major bridges along Al Khaleej Street and a tunnel for left-turn traffic from Khalid Bin Al Waleed Road to Al Mina Street.
The Infinity Bridge, a landmark structure with a distinctive arch representing the infinity symbol, spans 295 metres and provides 12 lanes with a capacity of 24,000 vehicles per hour. It also features a 3-metre-wide cycling track and a 75-metre-wide navigation channel for safe vessel passage.
The double-deck route extends from Infinity Bridge to Deira along Al Corniche Street, offering six lanes in each direction. The route connects to Al Khaleej Street and integrates surface roads with signalised intersections.
Five bridges have been constructed to provide direct access to Dubai Islands, with a total capacity of 20,700 vehicles per hour. These bridges ensure smooth connectivity from Al Khaleej Street and the surrounding areas.
Currently 30 percent complete, the 1,650-metre tunnel will connect Infinity Bridge in Deira to Al Khaleej Street and Cairo Street, providing three lanes in each direction with a capacity of 12,000 vehicles per hour.
The RTA has launched a project to provide direct access to Dubai Islands from Bur Dubai. The new bridge will span 1,425 metres over Dubai Creek, with four lanes in each direction, a pedestrian and cycling path, and a 75-metre-wide navigation channel for vessel passage.
Follow Emirates 24|7 on Google News.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
35 minutes ago
- Zawya
Dubai-based regtech Qanooni closes $2mln funding round to drive regional expansion
UAE – Dubai-based legal technology startup Qanooni has raised $2 million in a pre-seed round led by Village Global, Oryx Fund by Salica Investments, TA Ventures, and strategic angels. The startup will utilize the capital to accelerate its expansion across the UAE and UK markets, in addition to enhancing its proprietary AI engine tailored to legal workflows, according to a press release. Through the new investment, Qanooni reinforced its position in driving the future of legal automation across MENA and Europe. This came amid growing investor interest in regulatory technology (regtech) solutions that streamline productivity without disrupting existing digital environments. It is worth highlighting that the funding round also witnessed the participation of Ben Casnocha, Sri Batchu, Josh Rodger, Viktoriya Tigipko, Andrew Verbitsky, Jimmy Stone, Nicholas Nottebohm, CFA, Ashish Shetty, and Miguel Rodrigues. Founded by Anuscha Iqbal, Ziyaad Ahmed, and Karim Shiyab, Qanooni integrates directly into the software that lawyers mainly use during work, eliminating the friction of switching platforms or adopting new workflows. Its solution allows law firms and legal departments to draft and produce documents faster and more accurately, leveraging generative AI that mimics a lawyer's tone, writing style, and internal standards.


Khaleej Times
38 minutes ago
- Khaleej Times
UAE: Gold prices jump nearly Dh5 per gram on Middle East tension
Gold prices jumped in Dubai at the opening of the markets on Thursday due to rising tensions in the Middle East and the weakening of the US dollar. On Thursday morning, 24K was trading at Dh406 per gram, rising nearly Dh5 per gram since last night's close. Similarly, 22K, 21K and 18K jumped to Dh376, Dh360.5 and Dh309 per gram, respectively. Spot gold was trading at $3,371.8 per ounce, up 1.4 per cent, as US President Donald Trump announced on Wednesday that US personnel were being moved out of the Middle East due to heightened security risks amid rising tensions with Iran. The US dollar index fell to a near two-month low, making greenback-priced metal more attractive to overseas buyers. Vijay Valecha, chief investment officer of Century Financial, said gold prices remained range-bound on Wednesday as risk markets await the outcome of the much-watched US-China trade talks. 'The consolidation of gold prices signals that broader uncertainty related to tariffs persists. In addition, a federal appeals court has permitted the continuation of the United States tariffs while it assesses a lower court's decision that the president overstepped his authority in their implementation. The World Bank has revised its 2025 global growth forecast down by 0.4 percentage points to 2.3 per cent, highlighting higher tariffs and increased risks as significant challenges for many economies,' he said. 'A break above $3,343 can indicate near-term bullishness and a move towards $3,371; otherwise, it can test the channel support at $3,323,' he added.


Zawya
an hour ago
- Zawya
Private market push in focus as BlackRock hosts investor day
NEW YORK: BlackRock will hold an investor day on Thursday that is expected to provide insight into the asset management firm's strategic priorities and its growing focus on private markets. The world's largest asset manager, overseeing $11.58 trillion as of the end of the first quarter, last year expanded its presence in private markets through a series of acquisitions that BlackRock's boss Larry Fink said were transformational for the New York-based firm. BlackRock spent about $25 billion in 2024 on infrastructure investment fund Global Infrastructure Partners and private credit business HPS Investment Partners. It also struck a $3.2 billion deal to acquire UK data provider Preqin. That acquisition officially closed in March this year. "I think investors are going to want more granular details and more color on BlackRock's strategy to increase exposure to alternative assets," said Cathy Seifert, an analyst at CFRA Research who covers BlackRock. BlackRock declined to comment on the focus of its investor day. Private assets generate significantly higher fees than exchange-traded funds (ETFs), a core part of BlackRock's business through its iShares franchise. In his 2025 annual chairman's letter to shareholders, BlackRock's Chairman and CEO Fink said protectionism had returned with force as a result of a wealth divide that could be countered by offering more investors access to high-return private markets such as infrastructure and private credit. Ben Budish, an analyst at Barclays, said he expected updates from the company on potentially creating indexes based on private markets after the acquisition of private markets data provider Preqin. "Looking at what BlackRock did with iShares and ETFs, is there a way to do that with private markets? … I'm sure there's more details to come on that," he said. Private credit, where non-bank institutions lend to companies, has experienced significant growth in recent years due to stricter regulations that have increased the cost for traditional banks to fund higher-risk loans. But broader market volatility caused by U.S. President Donald Trump's aggressive stance on tariffs has led to slower dealmaking in private markets in general, raising some concerns there may be a mismatch between money available for private lending and not enough places to invest it. Investors may also look for any signs regarding succession at the firm. Fink, 72, has led BlackRock since co-founding it in 1988. A recent wave of senior executive departures has reignited speculation about his eventual successor, even as Fink has signaled no immediate plan to step down. "The firm would do itself a favor by highlighting the depth and breadth of their management bench, particularly since the company's business model is expanding and potentially becoming more complex," said Seifert.