Will the State’s Plan Be Enough to Appease Lenders?

His Excellency Abdulrahman Al SalehThe Dubai finance chief was positive about responses from lenders. Dubai World backed by the emirate’s government is important. Will the state’s plan be enough to appease lenders?

In contrast to some negative responses from lenders like JP Morgan, the Dubai government’s Abdulrahman Al Saleh, described initial positive responses from Dubai World lenders. The Dubai government is part of the greater federal government of the United Arab Emirates (UAE) and a large part of its domestic economy (especially GDP) is built in the 21st century around Dubai property development.