With increasing road, air and maritime transport movements, and the recent launch of a new five-year plan for the emirate’s transport industry, Dubai’s reputation as a major transport centre in the Middle East has continued to grow. In 2016 the emirate saw growth in aircraft, air passenger and air freight movement, as well as in the total number of Dubai Metro and bus system passengers, while...
The Middle East Transport
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Dubai saw steady GDP growth of 2.8% in 2017 and this is expected to reach 3.2% in 2018, with an increased drive towards consolidating its position as a knowledge-based economy. The emirate is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment.
In a push to diversify its economy, Saudi Arabia is determined to increase the role of the private sector in the development of its transport infrastructure, as well as in the operation of seaports, airports and related supply chains. Public-private partnerships are being pursued to fund several key schemes, while a number of the country’s publicly operated facilities, such as airports, are...
2017 proved a momentous year for the Kingdom of Saudi Arabia as the various strategies related to the country’s Vision 2030 and National Transformation Plan 2020 started to take shape.
Guided by the state’s long-term economic development plan, Qatar National Vision 2030, and driven by preparations for the 2022 FIFA World Cup, Qatar is investing heavily in infrastructure programmes focused on its non-oil and gas sectors. More than $500m a week is being spent across all capital projects in the country in preparation for the upcoming games, with investments of up to $13bn in...
2017 proved a turbulent year for Qatar, dominated by the diplomatic rift that emerged between the country and several other regional states in June 2017. However, Qatar has adapted quickly, with many in the local business community confident about the future.