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Sunday, 31 July 2016

Any upturn in oil prices to set off UAE project boom | GulfNews.com

Any upturn in oil prices to set off UAE project boom | GulfNews.com:

"An upturn in oil prices along with higher trading volumes with Iran could set off a recovery for the UAE in the near term. Added to this, sustained public and private sector activity in Dubai ahead of Expo 2020 should keep the momentum going, says the latest outlook on the UAE economy from Meed.

All of these should be enough to generate and sustain a $629 billion (Dh2.3 trillion) project pipeline.

The Meed report says that about $155 billion worth of major projects were under execution in the UAE by mid-2016."



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