Posted by: kenwbudd | November 27, 2009

Mass Exodus out of Dubai by Ex-Pat Workers

Cars that have been abandoned at Dubai International Airport.

Covered in sand and good-bye messages these abandoned cars are the latest sign that the Dubai dream is over.

Ex-pats flee Dubai and the Arab Emirates for fear of reprisals, revenge attacks and victimisation in the face of monetary chaos and debt crisis brought on by optimistic speculation, ego-driven projects and poor balance of ‘business acumen versus risk management’ expertise.

Historically ex-pat workers and foreigners will be held responsible for the debt crisis, financial problems and lack of fund capital, that have become the harsh reality for the powers that be, in Dubai.

The smart ones have dropped everything and gotten out, knowing all too well the severe consequences of delay, in these troubled times.

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