Archived posting to the Leica Users Group, 2009/11/20
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Actually the cranes are probably just standing still - the real estate prices in the Emirates are down 50-60%, and construction is at a total standstill. Dubai went bankrupt and was saved by a US$50 billion cash infusion by Abu Dhabi (the only one of the seven Emirates with substantial oil). This is what happens when speculation is mistaken for true economic activity. Cheers Jayanand On Fri, Nov 20, 2009 at 11:52 PM, Hugh Thompson <hewthompson at mac.com> wrote: > Had to take a quick trip to Abu Dhabi for a meeting. What an unbelievable > place. Cranes all over, I counted 14 on one site. Totally awe inspiring, > the amount of money in this place. > > Took the M3 with Elmer 50 2.8 out for a couple of hours, and around the > hotel. You need to go everywhere by car. Downtown is car crazy, cars > parked everywhere. Prosperity oozing out of every pore! Imported workers > from all over. > > Hope you get an impression of the place: > > < > http://gallery.leica-users.org/v/Hugh+Thompson/Abu+Dhabi/F1140003.jpg.html > > > > .......... and the rest in the album. > > Hugh > > C&Cs welcomed > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >