12.08.2010 - Arab investors join Latin America's real estate fiesta
From Knowledge@Wharton: Guatemala City isn't a popular choice among international property investors scouting for locations to build a signature office tower. For all its attributes -- a booming population, proximity to the United States and pro-business laws -- the largest city in Central America is known more for crime and corruption than real estate opportunities. Yet, in its busy commercial area, construction has begun on a downsized replica of one of the Middle East's most iconic modern structures, Dubai's sail-shaped Burj Al Arab Hotel..............................................Full Article: Source
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