"The company behind some of Dubai's best-known landmarks is considering a stock market listing to raise as much as $15bn (£10.3bn) to reinforce its finances.
Nakheel, which owns the Palm Jumeirah, the world's biggest artificial island, and Nakheel tower, the world's tallest building at 1km high, is in talks with investment bankers about plans for a flotation in 2009.
Bankers at JP Morgan have been working on various ideas, including a dual-listing for Nakheel on its home exchange, Nasdaq Dubai, and also in London, although the timing of the move has not yet been decided. "
Hmmm, I wonder how much of our bail out $$ is actually going to end up on this vulgar display of financial inequity? Have you ever 'been' to Dubai via Google earth? Man, there's a LOT of money there...and just absolute poverty a few 'inches' over.
Here's a good marketing video on the artificial island resort:
video of THE GOLDEN MILE (gag)