UAE projects worth over $300 billion on hold – Trade Arabia


Dubai skyline – Image Source: Flickr – robertpaulyoung

Trade Arabia reports

Over 400 projects worth more than $300 billion have been placed on hold or cancelled in the United Arab Emirates due to the global financial crisis, Dubai-based research firm Proleads Global said on Tuesday.

The construction sector in the UAE will stabilise this year and is expected to show signs of recovery in 2010…

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