DUBAI, United Arab Emirates (AP): Dubai will set up a committee to decide whether to bid for the 2020 Olympic Games and the World Expo that year, state media reported, the latest effort by the Gulf emirate to attract international attention and business despite its financial woes.
Dubai's ruler has relied on such large-scale global ambitions to help drive his territory from little more than a patch of sand fifteen years ago to the Middle East's business, sports and tourism hub. But the emirate has been hammered by the global financial crisis, struggling with massive debt as its key business sectors have declined.
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