Sunday, 16 August 2015

IMF urges prudence on Dubai’s implementation of major infrastructure projects | The National

IMF urges prudence on Dubai’s implementation of major infrastructure projects | The National:



"Dubai’s current slate of major infrastructure projects will provide one of the UAE’s main sources of non-oil growth in the run-up to 2020.



But they could also be a domestic source of economic risk if not properly executed, according to the IMF.



The IMF has predicted that the UAE’s econonic growth will slow to 3.4 per cent this year, before rebounding to 4.6 per cent by 2020, supported by “the implementation of megaprojects and private investment in the run-up to Expo 2020”."



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