United Kingdom
United States
Asia Pacific
Chinese tycoon buys Dubai island
Thursday, 17 Oct, 2007
0
HANGZHOU – A Chinese businessman has confirmed to Xinhua news agency on that he has bought an artificial island in Dubai for US$28 million.
Hu Bin, developer and director of the Shanghai Zhongzhou International Holding Group, bought the 40,000 sqm Shanghai Island, part of “The World” development in Dubai, which comprises 300 islands made from reclaimed land in the shape of the world map.
Hu told Xinhua that he planned to spend heavily in the next three years to build hotels and villas on the island and turn it into a tourist resort.
The resort would also include canals and buildings resembling Shanghai’s landmark areas like the Huangpu River, the Bund and the Lujiazui financial district, he added.
Ian Jarrett
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’