The Dumbest Megaprojects!
Patrick Boyle On Finance
Patrick Boyle
4.9 • 308 Ratings
🗓️ 18 February 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
From skyscrapers in the middle of nowhere, to man-made islands that are sinking into the sea. And from abandoned buildings to foolish transportation infrastructure - let's look at the world's most useless megaprojects.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel:Patreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social
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Transcript
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| 0:23.3 | Mega projects are large-scale complex projects, which usually involve massive capital investment |
| 0:29.3 | and take years to build. They're often in sectors like infrastructure, energy or transportation. |
| 0:35.9 | Examples include building new cities, airports, power stations, high-speed rail networks, |
| 0:42.0 | or massive buildings. |
| 0:43.7 | In today's video, let's look at some overly ambitious ideas that made no practical sense |
| 0:49.5 | and so failed. |
| 0:51.3 | Everything from sinking man-made islands to cities no one wanted to live in, to giant |
| 0:56.6 | abandoned buildings or futuristic transportation solutions that made no sense. First up we have Dubai's |
| 1:05.0 | man-made islands. In the 1990s, the government of Dubai decided to diversify away from its reliance on oil |
| 1:13.6 | to building a service and tourism-oriented economy. |
| 1:17.1 | In 1991, there was just one skyscraper in Dubai. |
| 1:21.8 | There were six in 1998, and today there are 265. |
| 1:27.6 | The property development boom around the turn of the millennium turned Dubai into one of the fastest |
| 1:33.4 | growing cities in the world. |
| 1:35.4 | Apparently 25% of the construction cranes in use worldwide are operating in Dubai today. |
| 1:42.7 | They built the world's tallest building, the world's largest shopping |
| 1:46.6 | mall, the world's largest fountain, and the world's tallest hotel. They're apparently |
| 1:52.1 | developing a theme park called Dubai Land, which is planned to be twice the size of Walt Disney |
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