Quote:
Originally Posted by Tbite
Actually Dubai was still pretty underdeveloped even in the early and mid 90s. There is a picture of dubai in 1994 and it was pretty much below average.
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Indeed T bite Dubai in the mid 80's was not even an emerging economy country
the tremedous casf flow from the oil gave them the opprtunity to accomplished in 15 years what a 'normal' economy would accomplish in 50 years ..
Emiratis are really smart and they understoodthat the oil is an oppotunity to flourish their economy and diversify it when other sushAs KSA laid back even if their population is well educated their economy is mainlybased on the oil incomings
May 19th, 2008, 12:53 AM
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