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Date: 23/12/2008


Dubai raises Dh1.8bn via selling metro-naming rights

Dubai raised Dh1.8 billion ($490 million) by selling naming rights and funding from companies for the light-rail metro system it is building, Roads and Transport Authority said.

Companies will pay Dh886.7 million for buying the naming rights and Dh917 million for funding the project, according to the statement.

Rights to name the stations were won by local retailers, property developers and telecommunications companies, it said. The Red Line will be operational from September, 9, 2009 while the Green Line will be ready by March 21, 2010.