Dubai has been back for some time. The trade, tourism and transport that are the foundations of its economy have been thriving for a couple of years, bringing an air of optimism back to the city after its 2009 debt crisis.
But now, some fear, the old hubris is back, too.
Officials have unveiled projected growth figures even more optimistic than those proffered by the ruler Sheikh Mohammed bin Rashid Al Maktoum a year before Dubai’s real estate bubble burst in 2008.
No comments:
Post a Comment