gulfnews : Abu Dhabi adjusts to economic realities

Abu Dhabi was set to avoid the pitfalls suffered by its Gulf neighbours with a decades-long plan to replace oil revenue with industry and tourism as drivers of growth.

Now those plans need to be scaled back as companies behind some of the biggest developments cut jobs and push back projects, said Gassan Chehayeb, associate director of research at Dubai-based Exotix.

Delays include beach-front apartments and branches of the Louvre and Guggenheim museums.

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