Sunday, January 2, 2011

Saudi Arabia builds Dubai-like projects for the Muslim faithful only; how religious fundamentalism can drive up real estate prices, somewhere

The New York Times has run some stories about the construction boom in Saudi Arabia, in Dubai-like coastal cities, and around the hajj site at Mecca and kaaba, where leases on high rises with views are triple and in the hundreds of thousands a year. And, curiously, a replica of London’s Big Ben is being built. It reminds one of the “New York New York” at Vegas, yet selling religion is such big business here. Only Muslims are allowed there, and ordinary non-Muslim journalists cannot cover it directly.

Here’s a story by Jad Mouawad, “The Construction Site Called Saudi Arabia” link here

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