ShahRukh Khan to Build Sports Complex, theme parks, Stadiums and Luxury hotels In Debt Trapped Dubai!

Heard of the recent trap in the real Estate scene of Dubai? Well, there are several film stars and high profile men and women who have their money invested in the property of the up market arena which is real money playground for the rich and famous. However, even though the Dubai based company ‘Dubai World’ which is a government company, has asked for time to repay it’s debt of an astounding sum of $59 million which has all speculating on the fact that Emirates itself is going through rough times, ShahRukh has turned out to be the most sought after star there.

It has been reported from very reliable sources that ShahRukh has come into a joint venture with many high end emirates property developers to get a stadium built as part of one big entertainment complex in Dubai. As Dubai is going through very tough times due to recession which has resulted in the crash of the real estate market and a huge debt on the economy of the glamorous city, ShahRukh has come up with this concept along with other developers so that the economy might roll over to a high again.

ShahRukh is the unofficial brand Ambassador of the Dubai Tourism Development Company.

He is also reported to have a hand in developing a $2.2 billion beach front residential complex at Ras Al Khaimas -an adjoining emirate called The ShahRukh Khan Boulevard.

Even though this particular residential project has been stalled for the time being, the Stadium is going to be built in a very fast and steady pace.

The project is called the Dubai Holding which is a state owned company. There are almost 45 projects to be included in it. There are theme parks, Stadiums and Luxury hotels. Even state of the art sports training facilities will be given to the weaker sections of society there.

There are plans to host international cricket matches at this venue and sources reveal that all his bollywood shows in Dubai will be staged there too.

If all goes well then there are plans by the actor to get a residential villa built in Ras Al Khaimah also. This he plans to get built just like his home in Mumbai.

According to sources this is going to be a mega budget project with an estimated expenditure of about 360 million Arab Emirates Dirham or Rs 455 crore.

So now we know why ShahRukh is called King Khan. Keep it up ShahRukh.