Dubai Tries to Revive Its Construction Boom, but Can It Find the Cash?
Filed under: Economy, Real Estate, International
By Praveen Menon
DUBAI — Dubai is reviving massive real estate projects as its economy recovers from a corporate debt crisis, but this time around, constraints on financing are likely to slow the pace of its building boom.
Memories of the crisis will keep many investors cautious about stumping up money before projects are completed. That will leave the plans heavily dependent on bank loans and the bond markets – and the global climate is not favorable for banks.
Official announcements over…
Dubai Tries to Revive Its Construction Boom, but Can It Find the Cash? originally appeared on DailyFinance.com on 2012-11-27T09:45:00Z.
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