Dubai: $15 billion worth of investments pumped into real estate projects
According to Al-Bayan newspaper, a recently publicized report on Dubai's economy by the National Bank of Dubai (NBD) shows that $15 billion worth of investments was pumped into the real estate and construction sector in Dubai over the past three years. The report estimates the real estate sector to lure $50 billion worth of investments from 2005 until 2010.
The report added that the construction sector is now the main driver of Dubai's economy thanks to the government’s initiatives in tourism, residential building and free zones.
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