View Single Post
  #5  
Old 05.02.2009, 16:59
Canadian_dude Canadian_dude is offline
Banned
 
Join Date: May 2007
Location: Cowshitsbourg
Posts: 1,386
Groaned at 328 Times in 139 Posts
Thanked 607 Times in 291 Posts
Canadian_dude has a reputation beyond reputeCanadian_dude has a reputation beyond reputeCanadian_dude has a reputation beyond reputeCanadian_dude has a reputation beyond repute
Re: Dubai... a giant Ponzi scheme?

Quote:
View Post
Well, intersting thread, however not to see the things in black and white:

Dubai which unlike Abu Dhabi hardly has any oil, whitin 2-3 decades has made a lot out of sands. Just check amount of tourists, visitors, businessmen,... in last a few years and compare it to almost zero some years ago.
I admit there has been exagerration, and overvaluation in some prospects of city developments (like dreamful building projects without being sure of it's feasibility and profitability), but this shouldn't question the whole issue.

Last couple of months, have seen global financial tsunami hitting there and many projects are halted,... so I believe this will cause the rulers there, to be more realistic and stick to facts and develop the city accordingly.
Anybody read Jule Verne's
http://en.wikipedia.org/wiki/Propeller_Island

It's about an artificial floating city on a ship called Milliard City where only the very wealthy live.
Reply With Quote