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FINANCIAL NEWS
Dubai prepares for numerous infrastructure schemes
19 Nov 2015
(MENAFN) Dubai’s government looks for more investment from the financial sector in its groundwork projects, which consist of those related to the Expo 2020 worldwide event, according to all issued reports.
Accordingly, high ranking officials stated that the emirate has planned and prepared a range of large projects, spanning a new airport, extension to its metro line and a huge exhibition center.
Additionally, low oil prices will not alter Dubai’s spending or investment plans, therefore huge schemes like the ground-breaking on the airport revamp would start by the end of 2017.
However, experts realize that although energy is still a key determinant of business confidence in the wider Gulf, but considering the fact that Oil makes up only 2 percent of Dubai’s economy, it’ll survive.
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