ubai: Falling oil prices will not affect projects at Mubadala Development Company — the Abu Dhabi-based investment firm — next year.
“I’m not expecting any delays or cancellations of any projects for Mubadala,” Homaid Al Shemmari, chief executive of Mubadala Aerospace and Engineering Services, told Gulf News at the UAE Economic Outlook Forum in Dubai on Wednesday.
A day earlier, an official from the Abu Dhabi Department of Economic Development told an audience at the same forum the emirate overestimated the price of oil for the current budget at $103 a barrel for 2014.
http://gulfnews.com/business/aviation/mubadala-projects-in-2015-to-be-unaffected-by-oil-plunge-1.1428360
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