Meraas Holding, a Dubai state-owned property firm, is seeking a Dh860 million ($234 million) loan to fund the development of retail space around what will be the world's largest Ferris wheel, two banking sources aware of the matter said.
The government sector in Bahrain is administratively successful and is now qualified to be a Middle East hub for public administration, said an expert.
"The government sector does not suffer from any administrative problems,&
Singapore is set to open the world's largest Ferris wheel in March next year, as part a drive to attract more tourists.
At 165 metres (about 541 feet) high, the Singapore Flyer will trump the 160-metre Star of Nanchang in Jiangxi, China an