Sunday 30 December 2012

Dubai announces its resurgence - FT.com

For the two years since it opened in the wake of a humiliating financial crisis, the New Year’s eve celebrations surrounding Dubai’s Burj Khalifa building have been fairly muted. But this year developer Emaar is putting on a huge show combining a dancing fountain, the Prague Symphony Orchestra and plenty of fireworks. The message: The emirate is back with a bang.
Three years after Dubai shocked global markets with a warning it would be unable to repay its debts on time, the emirate wants to let the world know that its slump is history and that it is now embarking on its second economic boom in a decade.

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