let1gre wrote:Jeez, Dubai is currently growing exponentially... but what's going to happen when the oil dries up? There is nothing else there besides some of the most ridiculous (albeit awesome) displays of wealth in the world.
That is their reason for much of the building lately. The oil will run out, and they are trying to build up themselves as a major financial and tourist hub before that happen. They are trying to become the major financial player, with a nice position between Tokyo/Hong Kong/Singapore and London/Frankfurt.