Dubai backs plans for world's biggest Ferris wheel
DUBAI, United Arab Emirates - 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 210 metres (688 feet), exceeding the London Eye's 135 metres (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.
latest travel gallery
Surfer Chris Peterson rides the Lochsa River in central Idaho. Get your adventure fix with Zero to Sixty, a web series from National Geographic. See 6... More Surfer Chris Peterson rides the Lochsa River in central Idaho. Get your adventure fix with Zero to Sixty, a web series from National Geographic. See 60-adventure videos every Tuesday.
Date 15 hrs ago, Duration 1:22, Views 126