Financial Times FT.com

Sand into gold: The Gulf booms but not everyone benefits

By Roula Khalaf

Published: April 28 2008 19:37 | Last updated: April 28 2008 19:37

Cement mixers rumble on all night in Dubai, a city in a rush: construction never stops. The same drums can be heard rotating across the Arab states of the Gulf, as countries take advantage of an oil price well over $100 a barrel to build everything from roads to bridges and even whole new cities.

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