Thursday, August 10, 2006

When We Run Out of Land, We'll Build Some More



Off the coast of Dubai in the Arabian Gulf, investors are building the ‘eighth wonder of the world’: the Palm Jumeirah. This man-made island is made of 7 millions tonnes of rock, 9 million m2 of sand, and is set to become the world’s most luxurious resort area. It is one of three identical Palm islands being built. Dubai first started the project as a way to rely less on petroleum exports and more on tourism. It will contain 25 of the world’s top hotel brands. One of the major partners is the Trump organization, which has exclusive rights to develop real estate in 19 Middle Eastern countries (are there even 19 Middle Eastern countries? That must include Iraq, me thinks). The largest investor is IFA Hotels, a Kuwait-based company financial company. What is kind of cool is that you can watch a slideshow of the month-to-month construction.

The same developmental company (Nakheel) has also built The World, a series of 300 man-made islands off the coast of Dubai that roughly form the shape of the continents of the world. Island F34 is named Saskatchewan, and is 4 hectares in size! Sweet! Rich people are buying up this land like crazy. I hope they enjoy it.

3 Comments:

Anonymous Anonymous said...

Can you imagine if Dubai spent some of that money developing hydrogen cells for cars, or another form of non-fossil fuel transportation. They should spend some money saving the land we already have, instead of building some more.

2:54 PM  
Anonymous Anonymous said...

That's wicked awesome. I think next they should build a giant wang that can be seen from outerspace.

10:30 AM  
Blogger Kris said...

But artemis, think of all the poor millionaires that wouldn't be able to buy land and find new ways to make a profit. No one ever thinks of those poor millionaires. Millionaires are people too, you know!

3:23 PM  

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