Middle East Economic Survey

VOL. LIV

No 10

7-Mar-2011

UAE

UAE Orders $1.6Bn Outlay On Utilities

The UAE has ordered the spending of $1.6bn on better water and electricity networks for poorer parts of the country including strategically important Ras al-Khaimah, which faces Iran near the Strait of Hormuz. The UAE is a federation of emirates, whose federal stability has not been put to the test. It is led by oil-rich Abu Dhabi. There was resentment of Dubai among other emirates for its...