“Why not? If you can have it in New York, why can’t we have it here,” said United Arab Emirates Prime Minister Sheikh Mohammed bin Rashid Al Maktoum in an interview with CBS in October 2007, when the global economy was booming.
When asked why he was in such a hurry since most would try and do this in a lifetime, not five years, the sheikh said, “I want my people to live better now. Not after 20 years.”
His answers explain how Dubai achieved rapid growth in a short period time and why the largest city in the UAE has faced a crisis equivalent to state bankruptcy.
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