By Shawn Chandok
It has recently been stated that Nakheel, the government controlled corporation in Dubai, United Arab Emirates will be constructing a series of artificial islands to replicate countries of the world. It is confirmed that “The World is a heady $14 billion endeavor, consisting of 300 individual islands arranged to mimic the shape of the globe's landmasses. Ranging in size from five to 20 acres, and with 50 to 100 meters of water separating each island, the total area encompasses just over 20 square miles. The development is located about two and a half miles off the coast of Dubai city. Islands go for $7 million to $35 million each.” In addition to the Burj Al Arab which is famous for being the worlds most expensive and only 7 star hotel, these series of islands are being created in order to attract wealthy tourists and make Dubai a hub amongst the world’s famous cities such as Paris, London, Tokyo, etc. It has also been rumored that Virgin Atlantic entrepreneur Richard Branson is considering buying the island of England in The World for an astronomical amount of around $25 million. People say that “Sir Richard Branson symbolizes the best of British and is the ideal person today to plant the Union Jack on Great Britain.”
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Dubia just always seems to be a surging economy, but it worries me because no economy just continues to grow without holes in their architecture. It is important to make sure that business people do not skip lines and do what is ethical or eventually the economy will collapse.
ReplyDeletePosted By Adam Lindheim group 6A
Dubai has always been an interesting place, growing at a remarkable rate. But I do not know that this is a smart decision to spend this much money on something unnecessary when they could put that money back into making sure their economy is stabilized and sustainabled.
ReplyDeletePosted by Group 2b