In talk with Morgenland magazine, No. 90: Ernst Munk on the Situation of the Nation and the ongoing Struggle against the Super Recession:

The ability for a successful management of a crisis and the then necessary restructuring management begins in the head and the heart. Nobody can deny the people of Dubai's courage to combat a crisis and the attitude of the never give up. If Europeans with a smile speak of the "Sand Box Builders" they should never forget what it takes in the way of building craft and engineering to firmly build on or in the Sand and that up to a height of 828 Meters.

He, who has learned to survive and master a hard time in the desert, will also survive a financial crisis. Innovation and Progress will therefore continue to take place in Dubai. These Projects will happen in technology of the future and they will show a high degree of sustainability and profit.

The Progress in Dubai will not come to a halt.

The geo-political and the economy-strategic location of Dubai between Europe and Arabian Region, between Europe and India, Europe and China and Europe and Africa makes Dubai the future hub of capital and merchandise routes. This function will gain importance quicker than the European competitors might like. For which reason the Europeans should rather leave the solving of the crisis problems of the UAE to the Arabian economists. These are in much better equipped to overcome the problems of the "Worldwide Economic Disaster", however they also may be the winners should the situation improve. Many people still overlook that the member states of the UAE are cross-linked by Economies and Family Ties, which is an alliance of protection and defense with an effectiveness that Europeans can hardly understand.

The European Financial Markets need the Capital of the UAE. The UAE needs cooperation partners for High Technology.

It is therefore not a coincidence that a UAE State Fund acquired a several billion participation in Daimler Benz. Other Arabian States like Qatar have done so with VW, but without participations in EADS, or in ports like Antwerp, Rotterdam. Le Havre and others, i.e. participations from the Near East the DAX and the European Stock Exchanges on the whole, would still be hanging in the ropes, and many European or German company would have been beyond saving. It is therefore the UAE with Dubai that is shoring up the European and German financial market and not the other way round. Abu Dhabi above all is in a position to guarantee or finance for Dubai at any time.

 

The hotel lobby of the 5 star de-luxe Hotel „The Meydan“ shows off with lots of Glass and premium Materials: Amidst of the prestige project “Meydan City of the Horses” one finds under a crescent shaped roof 279 luxurious hotel rooms, all with a balcony and a fantastic view on the race track. Under the personal patronage of his Highness Sheikh Mohammed bin Rashid al Makthoum the worlds largest equestrian sport park was built – the unique destination for fans of this sport.

 

The construction Projects of Dubai viewed from Europe may appear to be questionable superlatives, however also here Dubai and Abu Dhabi have learned their lessons faster than the EU might like. With great astonishment we Germans have noticed that Abu Dhabi and Dubai cannot only place monumental projects on the ground, but have to acknowledge the fact that in the area of "green" projects have begun to grow from the building principal to become a High Technology location and thus an supplier of this technology with the ambition to become a global player in this field.

The UAE with Dubai have no intention to become the patient subsidizer.

It is not the intent of the UAE or Dubai to become the "White Knight" for International Real Estate Funds in trouble. Contrary to the USA and Europe the UAE and Dubai cannot be blackmailed by banks or investment funds. Anyone, who has planned, arranged for projects, purchased and has hoped for high speculation gains in Dubai has to arrange for his finances without the help of governmental subsidizes. The UAE and Dubai will not be pushed by international banks and other big players trying to dictate who and with how much money a bail out takes place as banks succeeded to do in Germany. The consequences of poor investment decisions have to borne exclusively by the issuer of funds in default rather than the State of Dubai. Neither Abu Dhabi nor Dubai are available to subsidize European Development Project Companies and cushion their risks.

Welcome Dubai World Cup 2010

A paradise not only for horse enthusiasts! The new race track “Meydan” has been opened in Dubai. Stupendous! Pure de-luxe. The grandstand will accommodate 60.000 spectators.

Never in History has there been Prize Money like this:

On March 27, 2010 – the best horses and jockeys will be on the track on this day. Alone for the 1,750 km Main Race on the 15th Dubai World Cup the prize money will be ten million Dollars. The total Prize Money provided by the Organisers of the Racing Week is 26, 25million US Dollars.  Additionally the winner will receive a Cup of pure 18 carat gold weighing 185 ounces (5,25kg).

Meydan will draw the enthusiasts of the horse racing sport as well as tourist. The brand Dubai Word Cup since 1996 has developed itself to the top ranking sport event.