Sheikh Mohammed tells Dubai and Abu Dhabi doubters to shut up
In an unusually frank and forthright outburst, Sheikh Mohammed bin Rashid al-Maktoum, the ruler of Dubai and Prime Minister of the UAE, dismissed concerns of a rift between Abu Dhabi and Dubai and insisted that Dubai was well placed to recover from the global credit crunch.
Dubai has been hit hard by the global recession which has affected both crude oil prices and the property sector, although Sheikh Mohammed insisted that real estate was not the only driver of Dubai’s economy.
He went on to state that the current economic climate “will not deter Dubai’s ambitions.”
On the topic of Dubai and Abu Dhabi, the richest of the seven emirates and main contributor to the combined national budget, he described the two emirates as one family.
There had been concerns that Abu Dhabi was not happy at having to prop up Dubai’s economy and support it through the recession, but Sheikh Mohammed dismissed them with the following blast:
“There is no Dubai and Abu Dhabi, we are one, who doesn’t understand this should do their homework before they start talking, we will be there for each other when we need it. And I want to tell those people who nag about Dubai and Abu Dhabi to shut up,” he said.
Well, now you know.
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- Sheik Mohammed cancels New Year in Dubai
- The Al Maktoum dynasty
- Dubai scales down growth and records its first budget deficit
- The Government of Dubai
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