Page 10 - Sept Oct Issue
P. 10
Overview of the United Arab Emirates
supply of funding. Future construction projects are in doubt as leveraged property irms struggle to obtain new
capital. Public-funded infrastructure projects, on the other hand, are expected to continue to experience robust
growth. For instance, construction on Dubai’s Al Maktoum International Airport will be the world’s largest
aviation hub when inished in 2015.
The UAE government literature emphasized that the government will not let any major irm fail. Furthermore,
it was highlighted that most leading irms in major sectors such as property, banking and transport are either
wholly or partially government-owned and, as such, their debts have an implicit government guarantee.
Photo Courtesy of gulfparumala.com
David Stone, MBA is a recent business school graduate with sell-side equity research experience http://
EzineArticles.com/?expert=David_J_Stone
10
supply of funding. Future construction projects are in doubt as leveraged property irms struggle to obtain new
capital. Public-funded infrastructure projects, on the other hand, are expected to continue to experience robust
growth. For instance, construction on Dubai’s Al Maktoum International Airport will be the world’s largest
aviation hub when inished in 2015.
The UAE government literature emphasized that the government will not let any major irm fail. Furthermore,
it was highlighted that most leading irms in major sectors such as property, banking and transport are either
wholly or partially government-owned and, as such, their debts have an implicit government guarantee.
Photo Courtesy of gulfparumala.com
David Stone, MBA is a recent business school graduate with sell-side equity research experience http://
EzineArticles.com/?expert=David_J_Stone
10
