Dubai's sky-high ambitions are coming back down to earth as its government reassesses economic development plans hatched near the peak of the boom five years ago.
Years after the emirate's economy hit a wall and its corporate flagship, Dubai World, was forced to restructure nearly $25 billion in debt, Dubai is scaling back the double-digit growth goals it set for itself in 2007.
Instead, the emirate, which boasts the world's tallest building and outlandish development projects such as a palm-tree-shaped artificial archipelago, is focusing on its economy's traditional strengths: tourism, trade, transportation and logistics.
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