UAE economics

The UAE still has many projects planned.
What I can't understand is that contractors are owed money and yet others are willing to come in and do work knowing that they may not get paid for some time if at all.
So then Why do it??

Projects are still canned because of the lack of money.

Dubai World has announced that it can sell assets to get USD 19 bn back as part of the USD 39bn they are in debt. So why the euphoria? They still owe 66% of outstanding debt.

This economical wave just doesn't ring true, something has to give !!!

Oh and I hear that there is only 30 years left of oil here so, what will the government and contractors do then????

I tell you what will happen. The Middle East is based on deception. So they will do all they can now and then later renege on payments and they will have an infrastructure second to none and at the end of the day it won't cost anywhere near the oustanding bills!!!