Tag: DubaiLand
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Gulf Arabs Bet Theme Park, Cargo Firm Will Temper Next Oil Bust
Persian Gulf monarchies, flush with record oil revenue, are betting that a $7.5 billion theme park with an indoor ski slope, a $1.2 billion power grid and a $1.2 billion cargo shipper will shield them from the next energy bust. Gulf investors have announced $8 billion of overseas acquisitions in the past 18 months, including…