High-Rolling Dubai Economy Comes Down To Earth. This article is talking about Dubai economy, it says that Dubai economy is dropping, and consumer and investor confidence are dropping worldwide, and even in the oil rich countries. For the past several years, investors, workers and consumers treated the Dubai economy like a roller coaster that only goes up. Then last fall, they suddenly found themselves looking over the edge. It was a view some foreign workers didn't stick around to contemplate. I think that this is real that Dubai economy is dropping, because most of the projects in Dubai the money source are from loans or lending money from Abu dhabi, but in the future I think that Dubai will solve this problem with the new projects like Dubai metro,Dubai tower the longest building in the world,...etc. Finally Abu dhabi may own 40% of Dubai projects in the future.
I agree with abdullahs comment as he said that Abu dhabi is helping Dubai to increase thier economy. Actually Abu dhabi is the richest city in the United Arab Emarites, and they always help the other emarites, and they always help people around the world from natural disasters . And I really wish to have our old days, in the past in the UAE they used to transfer from place to another by camels or donkeys, and my father tells me that in the past it was the most beautiful days in his life, because they didnt had no problems and no traffic, and the life was very simple and cheap.
Now it is hard time. Economic was bad.Dubai just one of case. I think they were grew up to fast, but it will getting better
ReplyDeleteI think that Dubai ecomnomic isnt going very low as the other countries like America and other big economic countries. actually Dubai goverment isnt affectted by the global financial crisis that much, but the investors in Dubai they are affectted by the global financial crisis.
ReplyDeleteAbu dhabi is helping Dubai to solve this economic problem, and Abu dhabi is going to own 40% of Dubai projects in the future.