Where projects are drying out

Boston.com is widely know for their fantastic picture series. This time its about the Booming City Dubai in the United Arab Emirates. After the new Atlantis resort officially opened with a 35 Million AU Dollar ceremony a couple of weeks ago, I doubt that the UAE and Dubai will see something like this in the near future. Large investment projects have been put on hold incl. the 1000 Meter high Schumi-Tower and the surrounding area which would have been a 70 Billion Euro investment. The boom is coming to an end which after 10 years of construction boom and growing from 3.8 Million People in 2004 to 6.5 Million people this year the market is slowing down rapidly. 35% of all available crans worldwide were located in Dubai. So lets enjoy some phantastic pictures

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Torsten J. Koerting

Torsten J. Koerting is a project management-, paragliding- and Outdoor Enthusiast, Consultant, Author of several books and engaged as a speaker at many conferences. As Managing Partner at projectyzer he is specialised in supporting companies and organisations in reinventing their strategy as well as turning projects around that are in trouble. He worked in Europe, US and Australia for more than 20 years for global Blue Chips. He does hold the German and Australian Citizenship and lives with his wife and two kids between Europe and Australia. He is also a certified Bank Clerk, Executive Bachelor and Project Management Professional (PMI) and used to be Board Member of the PMI Queensland Chapter (Australia).

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