UAE's Emaar to Invest in Poland

Emaar from UAE (the developer that built among other things the world's tallest building) is planning to make the biggest real estate investment ever made (worldwide) in Poland according to this article.

warsawvoice.pl/WVpage/pages/article.php/32064/news

Your thoughts are invited.

Arabs coming with great investments in Eastern Europe. Slavs should give them chance, same as we giving chance to the investments of western European, USA, Chinese, Japanese, Israeli and Russian companies. Diversified origin of investments is one of preconditions for independence

Sounds very sensible Crow :)

I agree crow. They should welcome the diversification. There would be other benefits I am sure. You mean Arabs coming to central Europe crow? Tsk tsk

They do already.

They invest(ed) almost everywhere these days except Israel. And I think that may change in the not too far future.
The planned investment in Poland is huge, to build a 20ha residential & commercial complex. This will create many temporary and permanent jobs and provide a much needed opportunity for cultural exchange between Poland and the Arab world.

According to an inside source, they started drawing up recruitment plans for positions in Poland. This project will create over 1500 temporary jobs and over 300 permanent jobs (estimated).

In the latest twist of events, the $8 billion investment is temporarily on hold. More updates shortly.

Have you seen the fall in the stock market recently? It's not a surprise in the slightest - the markets simply don't trust this new government, especially with the amount of new taxes that they're planning.

As someone that knows Emaar very well and lives close to UAE, i will say what kind of jobs they will create:

Low Skilled Jobs (Construction): To Pakistanis and Bengalis, with extremelly slow salaries.

High Skilled Jobs: Westerners (just a small amount of them will be poles) that will stay in Poland for just few time and then remit all the money back to their countries, almost nothing staying in Poland.

They are specifically waiting to see how they will behave.

They are specifically waiting to see how they will behave.

lets hope the new government behaves really badly.

Except they won't get work permits here. They might allow a few in (like with COVEC), but the bulk of the work will be done by locals.


Why would they pay more to Westerners when they could pay less to Poles?


After today's announcement, I think we can expect new Russian bases in Kaliningrad.

I don't think that will be the case in Poland, they will probably use Poles .


brief me.

That's a given, however spooking investors = fewer jobs.

Antoni Macierewicz is the new defense minister. That means Russia will almost certainly put some extra forces into Kaliningrad with the sole intention of winding him up. He's a psychopath, but also not very competent.


You do realise that OPEC is more or less the reason why oil is so cheap right now?

Saudi Arabia has very clearly decided to bankrupt Russia, and they've got deep enough pockets to ride it out for several years. They've even started dumping oil into Poland, so clearly they're hoping to destroy the Russian oil industry before increasing prices again.

Not Just that. The Shale Industry at USA / Canada put a rope around their neck.

Now that Iran came back with to the Market with the end of the Sanctions, we have a scenario with the PERFECT storm for the Gulf.

A New Innovation that is a menace (Shale), a huge new competitor (Iran), Spendings that cannot be cut under the risk of social unrest.

And to make it even more complicated, the Saudis engaged in a expensive war in Yemen where until now they are definitely not winning.


While in fact they are giving a hard time for Russia, the Saudis are also running out of funds extremelly fast.

This year the Saudi government will have almost 10% of deficit. What means the biggest deficit of the world.

According to average estimates, they have money to sustain those levels of price until 2018, after that they go bankrupt.

(And cut spending is not an option here...)

Jon 357 That's a given, however spooking investors = fewer jobs.

UAE are not investors, i spent 10 years in that land , they aint investors , have you ever watched star trek , did you ever watch the episodes about the Borg?

Have you read the Quran

I've been there plenty myself, twice a month for the past few years plus longer stays and they don't do much except invest. Poland can't afford to lose or turn down the chance of jobs.

Yes, I've read the Quran and Hadiths (plus the Bible and the Corpus Hermeticus) several times.

Yes, Poland can afford investments that come from Semi-Slavery conditions and potential terrorism financers.

Because Poland is not Turkey and there is something called ethics.

This from someone working in KSA, living behind the walls of a compound )I never did), kowtowing to bearded conservatives and needing permission to leave (I likewise never did either).

Money is money, and if you want to quibble about the laws in one country that an investor comes from, you'd need to scrutinise all the others - and Poland trades with some far less ethical countries than UAE

Yes, you never did that because you escaped Turkey to live in a Free Country like Poland.

For some reason (Homesick?) you are defending here that Arabs recolognize Poland and rule over the indigenous Poles.

Strange, no?

None of that is to do with the anticipated Emaar investment in Poland.

Inward investment is always welcome, and anything which create jobs is good.

Hoşgeldiniz!

Yes, None of this. Why you started talking about where i live (which is in fact no related to Emaar) is beyond my imagination, and according to the Forum Rules, for starting an Out of Topic like that you should at least get a Warning.


As i said, NO.

Investment from Semi-Slavery Conditions, No Human Rights Respect and Terrorism Financers origins should not be accepted.

Because there is no charity from this kind of people, and whatever they "give" now, in the near future Poland will need to pay painfully.

Say it as often as you like - it doesn't make it true.There are countries far far less ethical that Poland trades with happily - remember the military helicopters to Myanmar affair?

A company like Emaar investing in Poland will bring much needed jobs. Perhaps they'll even let you have one, rather than toiling away in the Magic Kingdom.

A key feature of the entire proposed development is that it is designed from the start to be green building certified. If built, it would be the largest green building project in the world until something bigger comes up.

Of course a bunch of idiots whining about it doesn't change a thing. Also, worth highlighting, the new leadership in Poland is very keen on maintaining good relations with wealthy Persian gulf countries since both share a common enemy to the east from here.

As Far as i know, PiS is also hostile against Terrorists and Jihadists (Fortunatelly! Differently of the condescending and weak Leftists before)

This statement is meaningless because there was not a single terror attack on Polish soil during the last 5 years.


That is good. We need leaders who are hostile against terrorists and jihadists.