November 24, 2006

UAE President shopping in Stockholm

Sheikh Khalifa bin Zayed Al Nahyan, President of The UAE based in Abu Dhabi, has purchased Stureplan, one of the most exclusive areas in Stockholm.

We are all quite amazed over here. Mixed feelings from the Swedes. The UAE however still has a much better reputation in Sweden compared to Saudi Arabia. People holiday in Dubai more and more.

In the package, sold for 4 billion Swedish kronor, he gets:
-Sturegallerian (an exclusive shopping mall)
-Sturebadet (a SPA situated in the shopping mall)
-Sturehof (an expensive restaurant)
-Sturecompagniet (a very famous night club where the stars hang out)


The outcome of this purchase will be quite interesting to follow. This way the two countries will be forced to deal with each other more and perhaps some of the prejudice that exists in Sweden regarding Arabs and Muslims might be adressed.

Picture courtesy of Aftonbladet and FREDRIK HOFGAARD/AFP

19 comments:

Anonymous said...

Awesome!

paisa bolta hay :D

This family is amazing… I don’t wanna go into their backgrounds n history that we all know :) but I must acknowledge their group’s aggressive business moves everywhere in the world…
you know what at the moment Al Nahyan family’s abu dhabi group has the biggest foreign investments portfolio in Pakistan. They are into billion dollars banks, insurance companies, fastest growing telCos and various mega construction and real estates projects n etc. … in Pakistan they are now everywhere!
Infact I myself work for one of their bank that controls almost sixty percent of Pakistan’s total cards and auto financing business.

anyways.. takecare n hav fun
-khanana-

ArabLady said...

Hi SS
just wanna know why u were quite amazed...

:)

Shaykhspeara Sha'ira said...

Ya hala A Lady! :)
Well I guess what I mean is, amazed two folds. That Sweden has sold it to the UAE without any media drama, without any hoo haa or racist prejudice remarks from the people (yet). If you remember the US incident with the docks?

And also amazed at the business mind of Sheikh Zayed, I mean he is leaving no stone unturned. Even little old Sweden. It is positive indeed.

DG said...

Shaykhspeara Sha'ira: Change your first paragraph. Sheikh Khalifa is the current President, Sheikh Zayed was his father & founder of UAE. He died in November 2004. May Allah have mercy on his soul.

Shaykhspeara Sha'ira said...

Ameen.

DG, thanks for the correction! :) Swedish newspapers wrote former President.

A world of Symphony said...

SS: I see on top Al-Baal Cafe Playing 'But not for Me' by George Gershwin. Rookie query: how do I hear it? Who's the singer?

Destitute Rebel said...

The UAE is truly becomming a global city, with their investments all over the world not only are the rulers expanding their economies, but in essence are trying to create understanding and goodwill for themselves among the world. They are trying vey hard to improve their image and become global citizens. The UAE is among the first arab nations to realize that oil will not last for ever and if they remain isolated they will go back to the way they were.

Shaykhspeara Sha'ira said...

AWOS! Hello there, well I have something called a Stickam player, but I have been informed that it has been blocked in the UAE. It should play automatically when you log on to my blog. I don't know if there is a way to get around it?

I don't know who the singer is, it doesn't say, just a female voice.

DReb, indeed and it will help them once the oil runs dry.

inmotion said...

interesting bit of news

Shaykhspeara Sha'ira said...

Hala inmotion! It sure is, mosta'3rib in a positive sense :)

Soona said...

Yallah, NK next ;)

Sous said...

Interesting, like you said. No media drama or anything from the Swedes. I am impressed. Came here through inblogs.net since I can't access blogspot through the normal way. Maybe your player will work if people use that site?

Shaykhspeara Sha'ira said...

soona lol!! Yeah NK is next!

sous Welcome! Thanks for the tip, I will tell the other UAE readers who can't access my music player. Hopefully it will work :)

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