Slowdown in the UAE is a bonus for civic projects

The Global Financial Crisis or GFC as some like to call it has struck projects across the world and placed lots of companies and people out of work. However, there is a bright side for some, including governments and public place developers who have seen prices fall and timelines shortened as companies become available due to a lack of private development work.

In the UAE were upto 75% of projects are now on hold has allowed Museums such as the Abu Dhabi Louvre and Guggenheim to get projects started for 30% less than one year ago. The Louvre broke ground in June and The Guggenheim is currently undergoing pre-qualifying.

VIA – The National

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