Abu Dhabi feels Dubai chill as Emirate accepts money is scarcer: "Times have changed for the Alimad Engineering and Contracting Company in Abu Dhabi.
Two years ago, the developer was building everything from 20-story glass towers to luxury villas. It's now shelving projects, the latest a $US12 million contract with a client who has $US2 million and the banks won't give him any more money, said Ziad Ali, whose father founded the company 20 years ago.
'When investors don't get funding, we don't get their business,' Ali, 24, said by telephone from his office."
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