If you are wondering where Arab oil profits are going: "The Ras al-Khaimah Government and the PDSI Development Group have launched a $5.44 billion real-estate project that will include a mountain resort, wildlife sanctuary and marina. The two parties have already signed an agreement for a fifty-fifty joint venture on a freehold basis that is open to foreign investors. Construction will commence within six months, said a Gulf News report. The resort will be built on Al Jees Mountain and it will be accessible only by helicopter and gondolas, Peter Dalkeith Scott, president of PDSI, was quoted as saying in the report."