‘That’s the way the city works’: how the UAE changed the face of Andy Burnham’s Manchester
Reported by The Guardian Business, not nibnow. We are not the publisher of this story, only the source is.
The rise in Emirati-linked ownership of Manchester land, especially in deprived neighbourhoods, could affect housing, jobs and local development, directly influencing residents’ lives.
The story of the emirates’ presence in Manchester winds from the Arab Spring to some of the most deprived places in England – with complicated results Emirati-linked firms’ ownership of Manchester land ‘up 39%’ in 10 years When Hosni Mubarak, Egypt’s long-ruling dictator, was toppled from power in the Arab spring protests of 2011, his downfall sent shock waves across the Middle East. It also helped change the face of modern Manchester. Mubarak’s successor, the Muslim Brotherhood leader Mohamed M
- •Future announcements of land purchases or development projects by Emirati firms in Manchester
- •Local government or community responses to the growing foreign ownership
- •Potential policy reviews on foreign investment in UK property