With the global economy slowing things down, what will come of Dubai? Will it be merely a 21st century urban glitch? Will it evolve to accept the slower economy? What sort of resiliency does a place like Dubai have?
"With Dubai’s economy in free fall, newspapers have reported that more than 3,000 cars sit abandoned in the parking lot at the Dubai Airport, left by fleeing, debt-ridden foreigners (who could in fact be imprisoned if they failed to pay their bills). Some are said to have maxed-out credit cards inside and notes of apology taped to the windshield."
"Last month, local newspapers reported that Dubai was canceling 1,500 work visas every day, citing unnamed government officials. Asked about the number, Humaid bin Dimas, a spokesman for Dubai’s Labor Ministry, said he would not confirm or deny it and refused to comment further. Some say the true figure is much higher."
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United Arab Emirates Aid Debt-Ridden Member, Dubai
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