nmm Posted March 13, 2007 Share Posted March 13, 2007 The richest city in the world. (No, it's not Dubai.)Ninety miles from Dubai, another Xanadu has been decreed. Its name is Abu Dhabi, and that $3 billion hotel is just the beginning of the story.By Barney Gimbel, Fortune writerMarch 8 2007: 2:14 PM EST(Fortune Magazine) -- Khaldoon Khalifa al Mubarak is a man in a hurry. The 31-year-old, American-educated developer steps on the gas of his silver Audi and zooms past a hole in the ground crawling with construction workers - the future home of a $1.3 billion complex featuring three skyscrapers, two five-star hotels, and a souk. The car zips by a new $3 billion hotel that boasts 1,002 Swarovski crystal chandeliers and a gold-leaf dome larger than the one atop St. Paul's Cathedral in London.In the distance, glittering in the aqua-blue Persian Gulf, are dozens of islands that will one day sprout skyscrapers, hotels, museums, hospitals, and factories financed in part by the government-owned investment company that Khaldoon runs, Mubadala Development. In all, plans call for almost $200 billion to be spent here over the next ten years.(deleted copyrighted material)Link to full article:http://money.cnn.com/magazines/fortu...03/19/8402357/ Quote Link to comment Share on other sites More sharing options...
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