The oil-rich UAE capital has pushed back the delivery of major projects including its planned Louvre and Guggenheim museums, in a sign it may be feeling the pinch of funding its $500bn ‘2030’ development plan.
For developers, many of whom had banked on Abu Dhabi to offset the collapse of Dubai’s property market in late-2008, the stalling of state-backed projects is a source of concern.
No comments:
Post a Comment