Arab sheikhs to construct discrict worth billion dollars

Sheikhs from the United Arab Emirates are interested in pouring billions of dollars for the construction of a 20 ha district in Poland, according to daily Puls Biznesu. "Mohamed Allabar, chief adviser to the ruler of Dubai and the owner of  real estate company Emaar has clearly stated that he is very interested in our country. He confirmed that Emiratis are ready to deliver the world's largest investment in Poland. It depends only on us, whether we will make use of it as we need to come up with something spectacular," said Małgorzata Panek-Kasińska, CEO of consulting MK Business Link. Emaar, the company responsible for the construction of the world's largest building Burj Khalifa, wants to construct a 20 ha district with hotels, roads, commercial centers and apartment buildings. The company mulled investments in Poland last year, but apparently didn't find an interesting offer. Instead, they are constructing "Belgrade Waterfront," a nearly €3 billion project aimed at revitalizing the Sava amphitheater, a mostly abandoned stretch of land on the right bank of the Sava river. Mohammed bin Rashid Al Maktoum, the ruler of Dubai, has received offers from Kraków, Łódź, Sopot, Gdańsk, Poznań and Warsaw during his visit to Poland. "He is attracted by Warsaw the most," said Adam Krzymowski, Poland's Ambassador to the UAE.