Sunday 15 May 2011

A new economy is in the pipeline - The National

Along a slim stretch of Fujairah's southern coast, workers are building concrete tanks and berths for ships so big they cannot yet enter the port. Further up the freeway, a sign proclaims: "Fujairah is growing."

The optimism in the UAE's most isolated emirate is sparked by an initiative by Abu Dhabi: a pipeline to funnel crude from oilfields in the west to a port in the east.

The pipeline, a project of the Abu Dhabi-owned International Petroleum Investment Company (Ipic), is to provide the capital with a faster, more secure and cheaper route for its primary export.

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