Industry

As developers rush to cash in on Abu Dhabi’s retail market, which they deem to be relatively untapped and undersupplied, total retail space is expanding at one of the fastest rates in the region. International brands are looming larger, especially at the top end of the market, where expensive cars and other luxury goods are being sold at record...

In February 2007 the government of Dubai released a blueprint outlining its future economic, social and political development goals. Named the Dubai Strategic Plan 2015, this document has largely guided the government’s approach to economic development. Although the global economic crisis has presented obstacles to further development, the...

After the Second World War, winds of change were sweeping across the Gulf region – oil was flowing out, profits were flowing in and a polity was forming among the former Trucial States, which now make up the UAE. In this context of change and development, the authorities in Dubai were laying the groundwork for an economic growth strategy novel to...

Sales staff at the Montblanc shop in Central Tower say that business is brisk in $600 pens. While this is an interesting isolated trend, what is happening everywhere outside the luxury shops on Sukhbaatar Square is the real story for Mongolia. For in the space of a few short years, habits have changed and the country suddenly has a consumer culture...

As Mongolia works to shore up its industries – investing in production facilities lacking in capital and working to improve sourcing methods – it is also paying attention to the far end of the value chain: marketing.

Progress at the Sainshand Industrial Complex should see Mongolia get more from its national assets. Most of the country’s resources are currently exported unprocessed, and the vast majority of the profits go elsewhere. At Sainshand, value will be added to raw materials so that Mongolia can realise gains currently being earned in other countries. "We...