The World project in Dubai might be in trouble due to the economic downturn. The ambitious development in the Gulf may have another problem on its plate. Reports came out yesterday stating that the islands shaped like countries are sinking back down into the water.
The project has been in trouble for years due to the debt-ridden state of Dubai as well as the logistics of building hundreds of islands in the middle of the water. The picture above shows the project back in 2006 but more recent reports tell of a more misshapen development plagued by erosion. At a property hearing, Richard Wilmot-Smith QC, a British lawyer for a company that ferries people to the islands, told the tribunal that the land is gradually falling back into the sea. Penguin Marine sought to get out of its contract with the developer Nakheel, saying that fewer people are going to the islands is and that the project is essentially falling apart.
read more here via global14.com
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