Dubai Poised for Aerospace Dominance

Posted on June 23, 2008
Filed Under Aerospace Industry |




DubaiDubai’s $82 billion investment in position this state in the United Arab Emirates (UAE) for aerospace dominance. If it pays off as planned, Dubai will have the World’s busiest airport, with 120 million passengers per year. This investment as seen as wise diversification away from oil, particularly since Dubai’s neighbors have larger oil reserves to rely upon for financial stability.

Aude Lagorce at MarketWatch covers this story in more detail.

-Andy

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