These images tell a story.
The Twin Towers, a symbol of US capitalistic superpower, have collapsed. The US is busy fighting the war against terror.
In the meanwhile, Burj Dubai, the tallest free standing structure in the world, just reached a soaring 574.5m (1,885 ft) with 154 completed stories. It is predicted to be the tallest man-made structure in the world, as well as the tallest building by any measure. It’s official web site is here. Note the ‘.com’ address of its URL, it’s not a cryptic ‘.ae’ address.
Here are some of the amazing developments in Dubai:
- Dubai’s revenues from oil and natural gas currently account for less than 3% of the emirate’s revenues.
- Dubai Mall aims to be the largest mall in the world when completed.
- Its port, Jebel Ali, constructed in the 1970s, has the largest man-made harbor in the world.
- The Burj al-Arab, a luxury hotel in Dubai, at 321 meters (1,053 ft), is the tallest building used exclusively as a hotel.
- Dubai World Central will have the Dubai World Central International Airport, the world’s largest passenger and cargo hub.
- It is a hub for service industries such as IT and finance. Dubai Internet City, combined with Dubai Media City includes IT firms such as EMC Corporation, Oracle Corporation, Microsoft, and IBM, and media organizations such as MBC, CNN, Reuters and AP.
- The World is a man-made archipelago of 300 islands in the shape of a world map currently being built off the coast of Dubai.
- Dubai Financial Market’s trading volume stood at about 400 billion shares worth US$ 95 billion. The DFM had a market capitalization of about US$ 87 billion.
- The Palm Islands in Dubai are the three largest artificial islands in the world.
- Dubai Healthcare City is scheduled to open by 2010 to promote medical tourism.
- Dubailand is an entertainment complex under development, to include mega-tracts of various kinds of attractions.
- The Dubai Waterfront is proposed to become the largest waterfront and largest man-made development in the world.
Is anyone observing the contrast? While the US is struggling to fight a war against terror, a country right in the middle east is stealthily rising economically – without relying on oil – in the global economy. The contrast is stark. The US has to realize and focus on its core strengths, if it wants to remain an economic superpower, and not be swayed to distraction with the war against terror.