What to do with a real estate developer that built the world’s biggest indoor theme park (left), complete with its fastest rollercoaster, but can’t seem to make money?
That question has been bothering the government of Abu Dhabi for some time now, as it grapples with the future of Aldar, a state-owned property company that has needed just as much help as the most troubled empire-builders in neighboring Dubai.
Abu Dhabi made headlines around the world in late 2009 by bailing out Dubai and its tumbling property companies to the tune of $10bn. But its second $10bn rescue, conducted over the last year, has been less high-profile.
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