I'm not going to defend Dubai but regarding oil being dominant to the economy. h...

		lizknope on July 21, 2020 \| parent \| context \| favorite \| on: With oil cheap, Arab states cannot balance their b... I'm not going to defend Dubai but regarding oil being dominant to the economy. https://en.wikipedia.org/wiki/Economy_of_Dubai Oil production, which once accounted for 50 percent of Dubai's gross domestic product, contributes less than 1 percent to GDP today.

So is investing in construction the solution for all petro countries?