Rebounding from the economic crisis in Dubai

The economic crisis didn’t just affect American building or construction. The city that has grown out of the desert, Dubai, was also strongly affected and now is making a slow recovery:

Chastened after an extravagance-fueled debt crisis last year at Dubai World, the state-run investment giant, Dubai is getting back to basics.

Glamorous whimsies like a giant artificial island shaped like a palm tree are giving way to more pragmatic priorities meant to revive Dubai’s status as the dominant trading hub between the industrially advanced West and the oil-rich Middle East.

The article goes on to mention a number of factors that need to accompany building and development for it to last long-term including stable governance and a diversified economy.

One factor that is cited as aiding Dubai’s recovery is its established infrastructure.