The political shifts following the 2011 Arab Spring significantly influenced the economic trajectory of Manchester. As the United Arab Emirates sought to counter the rise of the Muslim Brotherhood in the Middle East, their strategic interests expanded into international property markets. Over the last decade, firms with ties to the UAE have substantially increased their land holdings within the city, marking a 39% rise in ownership. This influx of capital has fundamentally altered the development of Manchester, impacting various neighborhoods and reshaping the local urban environment. The involvement of these entities in the region highlights the complex relationship between global geopolitical movements and local infrastructure development under the leadership of Andy Burnham.
Source : The Guardian
Photo : The Guardian
