"The economies of the Middle East are the fastest growing in the world. So what do they do? They buy planes. But five years ago it was like, 'Who are these guys?'"
... modern Dubai seems built on hyperbole.
Halliburton is moving its headquarters from Houston to Dubai.
... the Mall of Arabia, the world's largest shopping mall.
"One of the issues becoming obvious in the aviation industry is that it is not about the United States anymore. It's an extraordinary shift in power."
Mubadala Development Co. and Lockheed Martin will create a UAE-based company to service Block 60 F16 fighter planes in the Persian Gulf emirate, an executive said Tuesday.
The UAE has begun to take delivery of 82 of Lockheed's latest Block 60 F16 fighters.
The objective is to diversify away from heavy reliance on oil and energy and to develop the sustainability of a broad-based economy for the fast-growing United Arab Emirates.
