Dubai finance chief confident on mega-projects even as oil price falls | The National:
"Dubai’s finance chief believes the emirate can pay for the mega-projects planned over the next five years despite the falling oil price.
Speaking exclusively to The National, Abdulrahman Al Saleh, director general of the Dubai Department of Finance, said: “The capital markets have shown full faith in Dubai’s business model and as you have seen, both equity and long term debt is easily accessible to Dubai entities. In addition we have seen the private sector is very keen to participate in the future growth plans of Dubai.
“We are confident that all these projects will be commercially viable and will be able to raise both equity and debt to manage healthy financial ratios,” he added."
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