Dubai’s resilience in the years following the global economic downturn has helped to re-build confidence amongst the global business community. As of mid-2013 the emirate had a population of 2.16m, nearly 45% of whom were 29 years old or younger, and efforts continue to ensure that the young population is adequately trained and educated to take part in the jobs becoming available. Dubai has set...
UAE: Dubai Economy
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Chapter | Country Profile from The Report: Dubai 2014
As the emirate celebrates its victory in the bid to host World Expo 2020, infrastructure and transport development is expected to attract significant investment over the next few years. GDP growth reached 4.9% in the first half of 2013, the strongest result for the January-June period since 2008. Trade, the strongest of the emirate’s economic foundations, continues to grow, with non-oil...
This chapter includes a listing of the country’s leading hotels and resorts, as well as useful telephone numbers and facts for visitors, including information about language, weather, visas, currency and more.
After weathering the effects of the global financial crisis, Dubai is swinging back toward a more guarded optimism as it regains its status among regional and international economies. In 2012 GDP was expected to reach $386bn, and the IMF estimates that GDP will continue growing, reaching $450bn in 2017. However, Dubai’s economy is currently operating at about 15% of capacity, implying that...
Chapter | Country Profile from The Report: Dubai 2013
This chapter includes information about Dubai’s history, geography, climate, demographics, government and political organisation. It also includes interviews with Kim Sung-hwan, Minister of Foreign Affairs and Trade in the Republic of Korea; Mohamed Alabbar, Chairman, Emaar; and a viewpoint with David Cameron, the UK Prime Minister.
Over the past four decades, Dubai has become one of the most important economic centres in the Middle East and a key destination for investors, tourists and corporations from around the world. The emirate boasts a diversified economy, an open business environment, and a multinational population and workforce, all of which have contributed to its reputation as a leading investment destination.