PPRuNe Forums - View Single Post - Dubai Bankrupt?!?!
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Old 23rd Nov 2008, 00:00
  #26 (permalink)  
bnt
 
Join Date: Feb 2007
Location: Dublin, Ireland. (No, I just live here.)
Posts: 733
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Originally Posted by camelbreath
I think you will find they also didnt waste billions turning the country into a giant theme park!
A bit of "cart before the horse" there, methinks. Dubai opened up to foreign investment and tourism because it doesn't have the oil reserves that e.g Abu Dhabi has. The money they spent was supposed to be investment that would recoup, handsomely, and with all those property amateurs from the UK and Ireland flying in, it was looking good for several years, but now...
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