Located at the mid-point between Europe and Asia, Dubai has built a diverse, competitive economy, well connected to the rest of the world by major transportation links. While the focus in recent years has been on Dubai’s recovery from the global financial crisis of the late 2000s, resumed growth has shifted the emphasis to a forward-facing outlook as Dubai seeks to...
With Dubai now putting the global financial crisis behind it, policymakers are seeking new opportunities to shape the emirate’s economic narrative in the years to come. The lead-up to Expo 2020, which will require major development efforts to accommodate an influx in tourists, will serve as a guideline for forecasting growth in highly correlated sectors such as...
Trade relations between the GCC and Asian economies have been growing steadily for some time now. Recent developments suggest, moreover, that they are set to expand further over the next decade. While there are some risks associated with Asian markets, the GCC as a bloc is deepening its commitment to the region. This is signalled by a number of...
In many respects, 2014 marked Dubai’s transition from strong recovery to promising growth, as the emirate entered a new development cycle fuelled by a booming real estate market and continually strong expansion within the tourism and retail sectors.
Following a difficult period for the international shipping market, in 2012 the container route from Shanghai to the Gulf through Dubai saw the second-highest rate of freight growth in the entire Asian region. This was part of an emerging trend of the maturation of GCC-Asia trade. A relationship that was once just based on energy demand is...
The bid by Dubai to become a global centre for Islamic products and services has progressed steadily in recent years, with the newly established Dubai Islamic Economy Development Centre (DIEDC) now leading efforts to expand and diversify the emirate’s offerings. Ongoing development will be supported by a host of new initiatives unveiled in 2014 and 2015, with plans for...
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