QUOTE (Ragnarofl @ Jan 4 2010, 01:10 PM)
Hard to belive isn't it? After the last economic crisis I thought that Dubai is over. I guess I was wrong.
Well, the Burj "Khalifa" topped out last January, so when Dubai finally started to feel the pains of the recession the building was almost finished, so this specific project had nothing to worry about that way...it would be far too embarrassing for them to abandon it at that late a date.
However on the whole Dubai (and Dubai World specifically) are still in real financial trouble. As they don't have any oil of their own they rely too much on outside investment, and that's just not coming the in amounts they need.