Yeah $27 Billion!
Dubai unveiled plans for a $27 billion resort complex including the world’s biggest hotel on Monday, the latest in a series of huge projects intended to establish the booming Gulf Emirate as a regional tourism hub.
Dubai, one of seven semi-autonomous states in the oil-rich United Arab Emirates, is hoping to draw 10 million tourists a year over the next decade.
It said the Bawadi project outside Dubai city will have more than 29,000 hotel rooms, including the 6,500-room “Asia Asia” hotel which it said would be the largest in the world, and was expected to accommodate more than 3 million tourists by 2016.
“The (reason) for this is the fact that tourism plays a very large role in Dubai’s economy,” said Saeed al-Muntafiq, chief executive of Tatweer, the Dubai government-owned developer of the project. “We need to expand our capacity to accommodate tourists.”
He said that Dubai would need an additional 70,000 to 80,000 hotel rooms to achieve its target of 10 million visitors a year over.
The first phase of the project, which includes the Asia Asia hotel, will be operational by 2010.
Tatweer will put up 40 percent of the project’s total cost and the rest will come from investors.
I would like to see pics from this project.
WWWOOOWWW!!!!!!
these guys are crazy.. i have a feeling something bad is going to happen and dubia isn’t going to continue being such a huge tourist attraction..
i heard that they are now building the worlds tallest building… but whats even better is that i also heard that Kuwait is planning to build an even taller one.. supposedly about mile high (The Mile High Building).. or a kilometre high (The Kilometre High Building).. i’m not sure which one.. but it’s going to be the tallest in the world..
p.s. and yes yazeed i spelt kilometre the english way.. after all i am in england.. take care
The one that is supposed to be built in Kuwait is 1Km. I doubt that it will be built though.
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IRAN # 1
Yazeed-
I can only say ULLAH! And subsequently mashallah, as I hope it all goes well oo mabee a7sid…but it seems it is starting to verge on being gauche…I don’t know…After visiting Dubai recently, I have to say more power to them, here’s hoping it continues…we in Kuwait are the stragglers who won’t be able to catch up.
MsB
I dunno why but i feel that a major economic collapse will happen somehow in dubai.. just a feeling ;p
yeah i think its all gonna collapse soon too, i heard that it is (dubai) is heavily in debt.
You go up fast you’ll come down faster…. so many hotels ishda3wa…
The things is… many of those (amazing, fantastic) projects are just still on paper.. or just 3D models. People are buying and investing like crazy in those still to be built projects. What if a major contractor goes bankrupt or something! Plus Dubai has a VERY bad transportation system(there are plans for a metro I think).. so these all might contribute to a downfall.
they are getting a metro, but it will take some time, the first one to open at 2015 and its going to be only the sheikh zayid road to the airport, and like 5 or 6 years after that most of they will be adding a couple of ther places too. i dont think it will be big enough to handle the population.