Ben Preiss
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With oil reserves dwindling Dubai has turned to a number of mega-billion-dollar projects. Among them the worlds tallest building, The Burj (by a long shot at about 3,000 ft, 9,000 m), a series of artificial palm shaped islands and another group of islands shaped like a map of the world to be populated by luxury homes. The latest mega-project is a series of amusement/theme parks and theme hotels. All of this aimed at making Dubai a tourist Mecca, in order to bring in a healthy income when the petro-dollars dry up.  Initially planned to cover an area of 2 billion square feet (185 square kilometers), Dubailand, billed as the "world's most ambitious tourism, leisure, and entertainment project," is expected to be a sprawling 3 billion square feet. This would make it larger than the entire city of Orlando, Florida - home to Walt Disney World, Universal Resort, Sea World, and a variety of other attractions and hotels.
The entire 24-project venture, not scheduled for completion before 2025, is estimated to cost 235 billion dirhams ($64 billion), 60 percent of which is expected to come from private investors.
(metimes)References: metimes Filed In: |
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