(MENAFN) The Chairman of Dubai World and Nakheel Properties said that the Palm Deira has started work on the first phase of its Palm Deira Corniche, being developed at a cost of around $81.7 million, Khaleej times reported. He indicated that the nine kilometer-long and 30-metre wide corniche will comprise of a string of leisure facilities, parks and a marina when fully complete. He added that such projects will boost the tourism industry in the emirate of Dubai. On his side, the Executive Director of Operations at Palm Deira said that the corniche is being developed over an area of five million square meters, and forms 11 percent of the total Palm Deira project. It will be developed in multiple phases, with each phase consisting of several stages.