3 Dec 2012

Dubai planning large projects

9:50 pm on 3 December 2012

Dubai has announced plans for two new large-scale projects, following the country's property crash in 2008.

The first is for for the world's biggest shopping mall, 100 hotels and a green space bigger than London's Hyde Park.

The other involves five large amusement parks.

A number of major projects were abandoned in the aftermath of the 2008 crash, leaving investors and developers wary of oversupply.

Banking analysts say finance will be much more difficult to source that it was a few years ago.