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Dubai will build the world's largest Ferris wheel
02-18-2013, 10:06 AM
Post: #1
Dubai will build the world's largest Ferris wheel
Dubai's ruler has approval a $1.6 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 Wednesday that the Ferris wheel -- dubbed the Dubai Eye -- will stand 688 feet, exceeding the London Eye's 443 feet. 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. The projects include theme parks and a satellite city named for Dubai's ruler, Sheik Mohammed bin Rashin Al Maktoum.


Read more: <!-- m --><a class="postlink" href="http://www.foxnews.com/world/2013/02/13/dubai-backs-plans-for-world-biggest-ferris-wheel/#ixzz2LGOO9ZMJ">http://www.foxnews.com/world/2013/02/13 ... z2LGOO9ZMJ</a><!-- m -->
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