mcfc1996 said:
Dubai Blue said:
Very. Al Fahim is a billionaire property developer in his own right. However, I don't think this is an investment by his company. I get the impression he's representing an AD-government-backed company. And they're many times richer than he is.
In your opinion Dubai Blue are these people going to use City as a play thing by pumping a few hundred million in and bugger to the cost or will they be looking for some type of return be it long or short term?
If you saw the sort of construction underway over here, you'd realise that short-term financial returns aren't top of their priorities. They build the biggest and the best in the hope that that will attract people and investment, thus generating returns in the long term. They want to prepare their economies for when the oil runs out, so they're planning for the future.
They need City to be successful for this to be in any way worthwhile. IMO, they will be looking for success not financial returns. Having said that, I wouldn't want us to go the full way down the Chelsea path