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Dubai Developer Nakheel Going For World Record With Newly Planned Kilometer-Tall Tower
Dubai Developer Nakheel Going For World Record With Newly Planned Kilometer-Tall Tower
Dubai luxury developer Nakheel PJSC on Sunday unveiled plans for a tower that will stand a full kilometer (3,280 feet) in height, beating the world record that’s already held by the booming city-state.
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Sultan Ahmed Bin Sulayem, chairman of Dubai World, a holding company that holds a stake in Nakheel, said the project would be “one of a kind,” the Emirati news agency WAM reported.
Located along the southern coast of…
8Oct2008 | Money Morning | Comments Off | ContinuedThree Ways to Profit From the Biggest Airport on Earth
Oil and jet-fuel prices are in the stratosphere, many of the world’s top airlines have ordered severe cutbacks, and passenger traffic is falling, so why is Dubai funneling 82 billion of its petrodollars into an aerospace project that includes plans for the world’s largest airport?
The answer is simple. Dubai isn’t concerned about the near-term turbulence that has sent global investors diving for cover and induced airline-industry executives to hanger portions of their jetliner fleets. The leaders of that Middle Eastern country have taken a long and studious look at the powerful global trends that are destined to play out over…
27Jun2008 | Money Morning | Comments Off | Continued
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