August 2016 ~ In 2008, the Crown Prince of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, was asked why he insisted that his emirate’s construction projects be the world’s biggest, tallest, most extravagant, and off-the-chart architectural and engineering marvels on the planet. His answer: “Why settle for less when you can be #1?” Astute point. …
A $20 billion refi at 1%? You’re kidding, right?
No photo to share. No need to. Read on. International Monetary Fund estimated that the emirate of Dubai faced $30 billion in maturities this year. That is reportedly equal to a third of its annual economy. But --- an agreement was reached last March allowing the sheikdom to refinance $20 billion at 1% fixed interest, …
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Big? Uh uh. Momentous! It’s Dubai. Now what?
Purportedly the largest infrastructure project in the world is in the oven. The monstrous Dubai Water Canal project was launched last October by the Ruler of Dubai, H.H. Sheikh Mohammed bin Rashid Al Maktoum. What is it? It’s a 3 kilometer (1.8 mile) canal that stretches from the Arabian Gulf inland into the heart of …
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Interviewed Live on Dubai TV
November 2013 Interviewed by international broadcaster Derek “Tommo” Thompson at the One World – Five Continents Conference in Abu Dhabi in November, Steve discussed the emirate’s rulers’ mindset to THINK BIG – quantum leaps, not incremental steps, and at record-breaking pace. Pick up the book STAYING AFLOAT – Three Years in Abu Dhabi to acquire …
Middle East Cities Vie to Have Biggest and Best Airport
August 6, 2013 WALL STREET JOURNAL By Eliot Brown, Rory JonesMiddle East cities are racing to develop dominant international airports as luxurious transfer points for a fast-expanding global aviation market.On a sprawling patch of sand near downtown Abu Dhabi, thousands of workers are building the foundations of a new $3 billion international airport terminal, which …
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Is it for real? A pipe dream? It’s not Kansas, Toto. It’s Dubai. Check it out!
June 23, 2013To quote Aarti Nagraj in Gulf Business, “Contrary to popular expectation, Dubai’s penchant for the ‘biggest, tallest and the best’ has not been dimmed by the property meltdown in the emirate in 2008/2009.” Gulf Business exposes five immense developments that, when complete, will continue to reshape Dubai’s map.http://gulfbusiness.com/2013/06/dubais-biggest-mega-projects/#.Uccj8JyM_28
StephenCBurton 