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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (68336)11/18/2010 9:55:55 PM
From: elmatador  Respond to of 217901
 
Clues that reveal Dubai's strategy for its assets
thenational.ae



To: TobagoJack who wrote (68336)11/18/2010 10:05:45 PM
From: elmatador  Respond to of 217901
 
There might be a lot of people in the US thinking now: I wish I had stayed with Mama and not bought sub-prime...

TJ, had these guys bought a property, big part fo their income would be going to pay the mortgage.

With free housing, that income goes into consumption.

Started with the Japanese and the Germans. Too little land. Expensive housing. People gave up buying houses.

They channeled their income into consumption. That allowed Japan to become a tech juggernaut because people had discretionary income to spend on gadgets.



To: TobagoJack who wrote (68336)3/23/2012 6:25:52 AM
From: elmatador1 Recommendation  Respond to of 217901
 
Dubai is back, Mr. TJ! with the same... $1bn football theme park

By Miles Johnson in Madrid

Real Madrid has lent its name to a $1bn theme park being planned on an artificial sand island in the United Arab Emirates in the latest brand extension by a football club.

Unveiled at a presentation featuring manager José Mourinho and director of football Zinedine Zidane, the Real Madrid Resort Island will be opened in 2015 as part of the emirate of Ras Al Khaimah’s efforts to boost tourism.

The resort, which the club said would feature the world’s first stadium to open out on to the sea, as well as a Real Madrid museum and youth training academy, is expected to attract 1m visitors in its first year. It will also feature hotels and a marina.

“This is a strategic project for both Ras Al Khaimah and Real Madrid,” said Louis-Armand de Rouge, chief executive of the project, who referred to it as “Sportainment”. “There are already many high-profile people in the region invested in football, but not in this way. I think this is a unique project.”

Mr De Rouge did not say who was providing the cash for the project, owing to confidentiality clauses, but he said that some regional sovereign wealth funds, as well as money from outside the UAE, would be involved.

Real Madrid, which has a squad including some of the sport’s best-known stars, says it has an estimated 300m fans globally, with more than half of these based in Asia.

The Spanish league leaders have ranked top of the Deloitte Football Money League for the past seven seasons, generating revenues in the 2010-11 season of €479.5m, outpacing the club’s bitter rival Barcelona, which came second with revenues of €450.7m.

Florentino Perez, the club’s president and chairman of the construction group ACS, pioneered the so-called “galactico” policy of breaking transfer fee records to sign star players, which in turn boosted revenues for shirt sales and other club products. “This is a decisive and strategic step that will strengthen our institution in the Middle East and Asia,” he said