You are here

Reality check for Dubai developer's US$20m project

Big investors nowadays prefer to be involved in realistic projects that generate cash quickly instead of expensive buildings intended to burnish Dubai's international image.


MORGAN PARKER'S first job at one of Dubai's biggest developers was to tell his bosses everything that was wrong with their US$20 billion plan to build the world's largest mall and 100 hotels to surround it.

A lot, it turned out. The former head of the Rockefeller family's...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to