Spain currently has an unemployment rate greater than 20%. Total debt in Spain is equal to about 270% of GDP. But did that scare Real Madrid president, Florentino Perez? No sir, he wasn't scared and proved it by laying the foundation for a $1BN holiday resort in the United Arab Emirates.
In a bid to strengthen their ties to the Middle East and Asia, Real Madrid are planning an elaborate holiday complex that will have a marina, luxury hotels, villas, an amusement park, a club museum and a futuristic 10,000-seat stadium with one side open to the sea.
Absolutely amazing!
The place is magnificent. I can see why it is worth a Billion dollars.
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