Tuesday, 17 November 2009

UAE looking to be a tech capital; Abu Dhabi looks to diversify away from oil

Abu Dhabi's economy, like many of its gulf neighbors is quickly rising from the desert sands with vast surplus of petrodollars filling its sails.

But, unlike other regional players, it is going down a different development path.

In the span of the year, it has emerged as a major force in the semiconductor business, with an usually long investment horizon.

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