The richest city in the world. (No, it's not Dubai.)

The richest city in the world. (No, it's not Dubai.)

Ninety miles from Dubai, another Xanadu has been decreed. Its name is Abu Dhabi, and that $3 billion hotel is just the beginning of the story.


By Barney Gimbel, Fortune writer
March 8 2007: 2:14 PM EST


(Fortune Magazine) -- Khaldoon Khalifa al Mubarak is a man in a hurry. The 31-year-old, American-educated developer steps on the gas of his silver Audi and zooms past a hole in the ground crawling with construction workers - the future home of a $1.3 billion complex featuring three skyscrapers, two five-star hotels, and a souk. The car zips by a new $3 billion hotel that boasts 1,002 Swarovski crystal chandeliers and a gold-leaf dome larger than the one atop St. Paul's Cathedral in London.

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