Billions of Foreign Direct Investment Set to Go to UAE After Khan Rejected The Sphere
The Sphere venue has found a new home since London Mayor Sadiq Khan unceremoniously blocked plans for it to be built in London. It will now be built in the United Arab Emirates, bringing $2.3 billion of foreign direct investment to the Middle East that could have gone to London. This comes just days after Labour’s so-called ‘Investment’ Summit. Did Khan not get the memo…
Climate crusader Khan rejected the glowing ball because it would cause too much “light pollution” and had a lack of other green credentials. Despite the fact the venue could have boosted the capital’s economy by £2.5 billion, brought in £50 million a year to local businesses and created 1,200 jobs. After Khan gave Sphere Entertainment the cold shoulder, the company said it would instead concentrate on the “many forward-thinking cities that are eager to bring this technology to their communities”. And they have…
