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There’s no shortage of malls in UAE, but also there’s fantastic infrastructure — great roads, a metro system, a country-wide rail system (open for cargo, openin
by petesergeant 1y ago
There’s no shortage of malls in UAE, but also there’s fantastic infrastructure — great roads, a metro system, a country-wide rail system (open for cargo, opening for passengers soon). As for “vanity projects”, the Palm and both Burj’s are commercial projects that are also highly successful tourist draws. I can see an argument that the Abu Dhabi branches of the Louvre and the Guggenheim could be seen that way, but I think it’s fairer to see them as cultural investments.
I guess I see the unfinished projects as being the proof: The World and the 2nd Palm haven’t been finished because they (I assume) stopped making commercial sense to the developers.
I would finally note that Dubai specifically has little oil and gas wealth. Maybe 1% directly and 10% that comes as subsidy from AD which has plenty. The rest is literally just a combination of smart and commercially savvy governance combined with an essentially unlimited amount of desert to build in.
- rrr_oh_man 1y agoThanks for the perspective!
- HPsquared 1y agoIt sounds a bit like Singapore.
- pama 1y agoExcept Singapore no longer has a large amount of jungle to build on.
- grumpy-de-sre 1y agoVery interesting talk about some of the challenges facing Singapore [1]. Does feel like the Singaporean economic miracle is under a lot of pressure. Demographics and retirement savings I guess being a big part of it. 1. https://www.youtube.com/watch?v=JTHDkLqmoVg https://www.youtube.com/watch?v=JTHDkLqmoVg
- hshdhdhj4444 1y agoYes. And slaves. Lots and lots of modern day slaves.