Building Takes More Realistic Pace in Dubai
"Glamorous whimsies like the giant man-made island shaped like a palm tree are giving way to more pragmatic priorities meant to revive Dubai's status as the dominant trading hub between the industrially advanced West and the oil-rich Middle East.
'While the world was languishing in recession, Dubai didn't pause for an instant in building an airport and a huge network of logistics,' said Jim Krane, author of 'City of Gold,' a history of Dubai. 'So when the recovery comes to the global economy, they should be ready.'"
Even though the recession hit Dubai hard, it remains one of the better positioned economies in the Middle East. That confidence has helped building progress.