It has been almost three years since the Government-owned conglomerate Dubai World revealed it was seeking a delay in repaying its US$60 billion (Dh220.3bn) debts.
November 25, 2009 was a defining moment in the economic downturn that brought the boom years to a grinding halt.
Today, there could be no clearer sign Dubai has put those dark days behind it than a raft of new development announcements made yesterday by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.
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