icemaη

Rab's Husband - The Regista
Moderator
Aug 27, 2008
36,452
Well Dubai has been almost completely taken over by Abu Dhabi now. Abu Dhabi has a pretty strong economy as far as I remember. They grew within their limits and now have the power to belittle Dubai.
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,666
36% of Abu Dhabi's economy consists of oil and nat gas. The other 64% consists of real estate, tourism and retail services.

Yeah, that sounds like a real winner in the long run. :rolleyes2
 

icemaη

Rab's Husband - The Regista
Moderator
Aug 27, 2008
36,452
Thing is they know how to make it work. Dubai just tried to grow forcefully while Abu Dhabi grew moderately over the past two decades.

Edit: You must consider that my knowledge of economics is noobish at best :D
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,666
It only works as long as the oil and gas money flows into the city. Once that cash flow dries up, the effects will trickle down to other areas of the economy. Abu Dhabi might not be as "bubblelicious" as Dubai, but the phoniness remains the same.

25% of GDP consists of financial services. What the hell are they going to service when all those fields dry up? Each other?
 

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