Well before it was launched, we all knew it as the Burj Dubai. It was August 31st 2007, long before it launched as Burj Khalifa on January 4th 2010. It was an iconic building in a city-state in the Middle East, that was known for one-upping its own iconic buildings. This was, however, to be a Tower of Babel of sorts. It spoke to the city-state's conceited, ultimately flawed ambitions. Its economic house of cards easily collapsed, when the global recession hit in October 2008, exposing its aggressive, foolhardy play in a financial shell game. For instance, word was, it took buyer investments in one project to launch another project, which brought into more investments for yet another project. Until there wasn't sufficient funds to finish the Burj Dubai, and the city-state's big-monied big brother had to step in and outright laid claim to its name.
No comments:
Post a Comment