March 25, 2010

Funds for Nakheel and Dubai World

Due to their outstanding contribution to the development of Dubai and the UAE, the Dubai-government decided on a USD 8 Billion injection for Nakheel, and USD 1,5 Billion for Dubai world. 
Many investors will be very happy to hear these news for the reason, they were invested in projects which are, due to the worldwide financial crisis, on hold. These projects will now be completed which creates more value to the Emirate at the same time. But it will not change the problem that there are as good as no new projects in the pipeline. On the other hand side it seems to be a good decision to finish running projects first, before turning to new developments. 
The "brand" Dubai was essentially driven by the implementation of the vision of its leaders, leading to a new urban development, which has not be seen in the world before. As far as the existing problems are under control the Emirate should not miss to turn back to its former strength which was, and still is, admired worldwide. For sure the principles have to change, but there are still a lot of challenges which can be tackled in the future leading to further successful, unique and worldwide outstanding urban developments.