Aldar Properties Reliant on Support of Abu Dhabi

According to the media, the emirate Abu Dhabi has stepped in with 5.2 billion US dollar of support for Ferrari World Abu Dhabi’s investor Aldar Properties (see our opening report of the new theme park in EAP issue 1/11) through the purchase of convertibles and assets. The near future will show if the indebted company, part owned by the government, is reliant on further cash injections. (eap)