Abu Dhabi, the oil-rich emirate that drives much of the United Arab Emirates' growth, is poised for more consolidation as it streamlines state-linked firms in the face of tougher property and economic conditions.
The emirate, more staid than its glitzier neighbour Dubai but as keen in the past on trophy property projects, is realigning its strategy to reign in debt and building excesses.
Abu Dhabi's No. 1 and 2 developers announced merger talks this week, in a union blessed by the government. Last month, the emirate merged two tourism and culture arms into a single authority.
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