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Article: Abu Dhabi Ventures Into Aero-Space Industry Services & The Challenge Of Education.
- Article from:
- APS Diplomat News Service
- Article date:
- July 28, 2008
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Few could doubt the grandiose ambitions of Abu Dhabi as the once sleepy emirate seeks to reinvent itself. The oil-rich capital of the UAE has already done deals which will see a Louvre and Guggenheim museums grace one island. Another island will host a grand prix race-track and Ferrari theme park. In July 2008 Abu Dhabi chose Farnborough airshow to announce to the world its ambitions in the aerospace industry.
(The UAE's oil export revenues - the bulk in Abu Dhabi - are expected in 2008 to exceed $100 bn, given the rising price of paper WTI. The official selling price of Abu Dhabi crude oil grades from January to June 2008 averaged $108.32/barrel, an increase of ...