Once speeding ahead with major projects, Abu Dhabi has slowed development in recent months.
Eighteen months ago, Ross Ensor at Leo A Daly described the business climate in Abu Dhabi as “a bit like the California Gold Rush.” Backed by oil prices at relatively high levels, the capital of the United Arab Emirates had embarked on an ambitious program of new developments, a rare bright spot as the rest of the world dealt with a crushing recession.
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