The Ghost of the Bankruptcy of Dubai

The pharaonic projects of Dubái
Dubái, the Emirate threatened by the bankruptcy due to its incapacity to pay part of its debt in time, has based its success in the last years on numerous pharaonic projects, real estate as as much tourist.

The last one is Burj Dubái, the highest tower of the world, with more than 800 meters, whose inauguration is predicted for the 4 of January.

This tower of 160 floors, in construction from the 2004 with a cost considered in 1.000 million dollars, is the central element of a gigantic project again district of 20,000 million dollars, Downtown Burj Dubái, that the Dubái Mall especially includes, the greatest commercial center of the world, according to its promoters.

In the boreal autumn of the 2008, Dubái, whose ambitions seemed limitless, announced new disturbed accomplishments, among them a city of near 90,000 million dollars, Jumeirah Gardens, and one tower of a kilometer of stop, Nakheel Harbour and Tower, around a center of businesses of 28,000 million dollars.

The Emirate sent, in addition, works in three artificial islands in the form of palm. The unique one that has been finished until now, Palm Jumeirah, has thousands of departments, mansions and hotels of luxury, among them the Atlantis-The Palm.

From his inauguration in November of the 2008 it is, with his 1,539 quarters, an attraction for the tourists, as the famous Burj To the Arab, one of both hotels of seven stars of the world.

Another extreme project is The World, set of 300 artificial islands that form a planisphere. But this water archipelago of Dubái is still far from being finished.

The delivery of Dubailand, a species from the Disneyland on greater scale (calculated initial cost in 64.000 million dollars), also was slowed down.

The Dubái City Festival counts on 20,000 departments, 50,000 offices, 3,500 commercial quarters of hotel, 100 restaurants and two centers (400,000 meters square).

For the purchases, of can also be decided in Dubái on the commercial center Mall the Emirates, that abrió in the 2005 and is famous by its Ski Dubái, the greatest station of ski covered in the world, awaiting the opening announced in the 2016 of the commercial center Mall of Arabia.

THE LIFE-GUARD ARRIVED
This last one is announced like the greatest commercial center of the world (a million square meters).

The next year will be abrirá, with a year of delay, the airport of the city, Al-Maktum International, with a capacity to receive to 120 million passengers per year, according to its promoters.

The airport, constructed in a land from 140 km2s to the east of the port of Jebel Ali and its frank zone, comprises of a complex with center of loads of a capacity of 12 million tons per year.

The cost of the infrastructure works of all the complex is only calculated in 33.000 million dollars.

Meanwhile, the ghost of the bankruptcy of Dubái is moved away after the life-guard who sent to Friday their rich neighbor to him, the oil Emirate of Abu Dhabi, but it will leave debilitated lasting form of this crisis.

The total debt of Dubái was considered in 80.000 million dollars in the 2008, among them 70,000 million corresponding to public companies. The project Dubái World by itself monopolizes 59,000 million dollars of that amount.

Leave a Reply