The UAE’s investment in Egypt’s Ras El Hekma got the spotlight treatment in Bloomberg, which is out with a piece and a 48-minute podcast exploring the strategic aims of the UAE that lie behind its decision to invest USD 35 bn in Egypt’s North Coast.
Fast fact that we here at Enterprise hadn’t twigged to: The UAE is deploying a sum equal to 7% of its GDP, write Mirette Magdy, Ziad Daoud, and Michael Gunn.
Also getting attention: Abu Dhabi’s “fake Santorini” — the new Abu Dhabi Santorini-Abu Dhabiretreat — is a great lure for luxury travelers and wealthy locals, Bloomberg said.