Tuesday, December 9, 2008

A Tale of Two Emirates in the Financial Crisis

A Tale of Two Emirates in the Financial Crisis
This article in another example of the great mobility of the "global firms" to chase opportunity. However, there are ominous storm clouds on the horizon, but the firms still seem to keep coming despite these clear warning signs, which include a 40% decline in property values. While there may still be a belief that anyone can make money in Dubai, and its neighbor Abu Dhabi, experience has taught us that, as the competition grows, not everyone can or will, particularly those who established a presence there without having a real plan or a real need for that presence. Fortunately, mobility expertise may make it easy to withdraw as rapidly as one came, provided the warning signs are appropriately perceived and acted on in a timely fashion.

No comments: