Authorities in Dubai have shocked everyone after sharing plans of restructuring the country's biggest corporate dealer Dubai World. The move, in addition to delaying the payment of the company's outstanding debt of $59 Billion, could lead to a broad restructure of the county's own corporate landscaping.

Various Government linked companies, including Dubai World itself and its affiliate Nakheel, have, speculating over the country's amazing growth in the real estate, shipping, transport and financial markets over the past two decades, and have stressed that bigger companies need to break down into smaller units and function separately as the times are financially tough.

The move is being described by many experts as a "huge confidence destroyer", and a signal of the fact that Dubai's large corporate houses are under more trouble than earlier estimated. "They're announcing that they have two institutions that cannot repay their obligations on time. It's going to make people more jittery. They will ask more questions about Dubai debt and its repayment processes", said John Sfakianakis, Chief Economist at Banque Saudi Fransi-Credit Agricole Group.

The restructuring is expected to greatly affect the way Dubai's corporate world currently works, and analysts are afraid that it might make the country's exchange and all major shares fall drastically.