Aldar Properties said on Monday its board will meet this week to talk about asset sales as the Abu Dhabi-developer, bailed out once by the government in 2011, struggles with a property downturn.

Aldar, part owned by the government, said the board will meet Wednesday to consider the sale by the company of certain of its assets as well as other operational matters.

The developer has already sold assets to the Abu Dhabi government, including its Ferrari World theme park and the Yas Marina Formula One circuit.
Abu Dhabi bailed Aldar out in January with a $5.2 billion rescue package in exchange for 2.8 billion dirham ($762 million) in convertible bonds to Mubadala and the sale of properties. Mubadala converted a portion of its bonds earlier this month.

In January, Aldar said it would sell assets worth $1.49 billion to the government to meet debt obligations.

It did not name any specific assets allow for sale but analysts have said these could include properties such as the ‘Yas Hotel’ and some commercial and retail developments under construction.

Aldar shares were down 1.18 % on the Abu Dhabi exchange.

Washington is getting ready to sell off state assets to increase painfully required revenue, a yard sale of sorts favored by both Democrats and Republicans.

Items up for tender contain an island, an airstrip, vehicles, roads, buildings, land even the airwaves used to broadcast television, the New York Times reports.

Some properties might require some tender loving concern, but with a little love and some strong chemicals a house once belonging to the Animal Disease Center can become a loving home.

Republicans like privatization because it shrinks the government.

Democrats wish it for raise income painlessly.

“This is something that we can have two-way contract on,” says Representative Jeff Denham, R-Cal.

Close to $20 billion could come from vacant airwaves, and $4 billion from disembarrassing government entities of belongingness they don’t necessitate and help narrow deficits.

A congressional super committee is musing ways to shave $1.2 trillion off U.S. deficits over 10 years.

President Barack Obama, at the same time, is calling for $1.5 trillion in new incomes that accompanies his $447 billion jobs creation plan, which trusts heavily on slashing payroll taxes.

An unemployment rate stays high, and some say the country wants to get used to high joblessness, which won’t come down much for another two years.

“Growth stays sluggish and deficient to cut down the unemployment rate,” Ryan Sweet, an economist at Moody’s Analytics, says in a message to clients, the Associated Press reports.

CEOs at big companies are more unenthusiastic than they were just three months ago, according to a survey by the Business Roundtable, a trade group.

About one third of the CEOs say they plan to take on or improve spending in the next six months, down from half in June, the survey finds, the AP adds.