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World News

Dubai to build world's biggest Ferris wheel

Dubai's ruler has approved a $1.6 billion (¥150 billion) island development project that would be home to what's billed as the world's biggest Ferris wheel. The project reflects a renewed appetite in Dubai for extravagance as the economy rebounds from a debt-driven slump during the past three years. The official WAM news agency said Feb. 13 that the Ferris wheel — dubbed the Dubai Eye — will stand 210 meters, exceeding the London Eye's 135 meters. Construction is set to begin this year. Dubai has proposed a series of mega projects reminiscent of its boom years before the downturn hit in 2009. (AP)

Shukan ST: FEBRUARY 22, 2013

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World News Dubai to build world's biggest Ferris wheel Dubai's ruler has approved a $1.6 billion (¥150 billion) island development project that would be home to what's billed as the world's biggest Ferris wheel. The project reflects a renewed appetite in Dubai for extravagance as the economy rebounds from a debt-driven slump during the past three years. The official WAM news agency said Feb. 13 that the Ferris wheel — dubbed the Dubai Eye — will stand 210 meters, exceeding the London Eye's 135 meters. Construction is set to begin this year. Dubai has proposed a series of mega projects reminiscent of its boom years before the downturn hit in 2009. (AP) Shukan ST: FEBRUARY 22, 2013 (C) All rights reserved