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Abu Dhabi Takes Over Dubai’s Crown – Referans 13.06.2009

Abu Dhabi will allocate USD164 billions for infrastructure projects until 2030 whereas Dubai which used to be an agenda-setting emirate by its over-crowded shopping malls, by its projects backed by billions of dollars of funds, went upside down with the global crisis. USD80 billions of debt, empty shopping malls and dissappointed workers and investors heading back to their countries are what is left behind. So where did all the money go? Some of it got eaten away by the crisis, but the remaining is not too far away: it is in the same gulf area busy building a new giant. Keeping a little distance from dreaming, and with a lesson from the crisis, the oil-rich Abu Dhabi, is about to replace Dubai. Abu Dhabi will allocate USD164 billions for infrastructure projects until 2030. Being aware of the size of the resources, the Turkish companies are bidding for various projects like airports, water treatment facilities, infrastructure and road construction. Nurol Construction is also among the companies following the tenders in Abu Dhabi very closely.

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