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The Report: Dubai 2018

  • ID: 4471005
  • Country Profile
  • 276 Pages
  • Oxford Business Group
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  • Al Gurg Group
  • Commercial Bank of Dubai
  • Dubai Chamber
  • Dubai Financial Market
  • DXB Entertainments
  • HSBC Bank Middle East
  • MORE

With one of the most diversified economies in the Middle East, Dubai’s attractive investment environment and broad-based economy - which in 2016 contributed 37.2% to the UAE’s total non-oil GDP - continues to attract major international investors. Growth is being underpinned by the authorities’ vision as laid out in the Dubai 2021 strategy, with various sectors including wholesale and retail trade, transport, storage, manufacturing and financial services all contributing to the plan’s stated aims of achieving resilient and sustainable economic growth. Increased government investment across all sectors and the continued infrastructure spending related to Dubai Expo 2020 point to strong economic growth in Dubai in coming years.

Following modest GDP growth in the 2014-16 period, the recently elected government was under pressure to accelerate economic growth in 2017. In addition to a belt-tightening process, the government introduced a number of reforms, which are beginning to bear fruit. The government aims to couple the expansion of the resources sector with an aggressive industrial policy, an overhaul of the agricultural sector, and improved access to financial services to ensure greater economic diversification and value addition. A partial rebound in oil and gold prices is also expected to help to stabilise the economy.

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  • Al Gurg Group
  • Commercial Bank of Dubai
  • Dubai Chamber
  • Dubai Financial Market
  • DXB Entertainments
  • HSBC Bank Middle East
  • MORE


  • Bright future: Investment and inclusion help transition to a knowledge-based economy
  • A widening reach: GCC member states look to strengthen global trade ties
  • Viewpoint: Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai
  • Interview: Abdulla Mohammed Al Basti, Secretary-General, Executive Council of Dubai
  • Money management: Activity among the region’s sovereign wealth funds picks up
  • Viewpoint: Theresa May, Prime Minister of the UK


  • Charging ahead: Growth in the emirate set to take off after several slow years
  • Interview: Hamad Buamim, President and CEO, Dubai Chamber
  • Interview: Abdul Latif Al Zayani, Secretary-General, GCC
  • Local policymakers: Individual emirates lead government expenditure
  • Interview: Liam Fox, UK Secretary of State for International Trade
  • Interview: Raja Easa Al Gurg, President, Dubai Business Women Council; and Managing Director, Al Gurg Group
  • By the book: Growing the halal economy
  • Carry throughs: Private sector to benefit from increased spending on infrastructure
  • Grassroots growth: Entrepreneurship helps drive the economy
  • Eye of the law: The leading financial free zone is expanding its business and legal influence
  • Global Perspective: Corporate tax rates and liabilities


  • A helping hand: Increased lending to consolidate Dubai’s central role in the region
  • Interview: Khalifa Mohammed Al Kindi, Chairman, Central Bank of the UAE
  • Bit by bit: Recent developments in financial technology to alleviate financial problems
  • Interview: Bernd van Linder, CEO, Commercial Bank of Dubai
  • Interview: Abdulla Qassem, Chairman, Network International
  • Restructuring the system: Legislation to create a more attractive investment environment
  • Pay as you go: Dubai seeks to boost electronic payment and e-commerce services


  • Awaiting developments: Innovation continues, but external factors could affect advancement
  • Interview: Essa Kazim, Chairman, Dubai Financial Market
  • Interview: Hamed Ali, CEO, Nasdaq Dubai
  • Diversifying capital: Expansion of investment offerings to attract foreign backers
  • Seller’s market: Debt market sees a jump in activity
  • Interview: Abdulfattah Sharaf, Group General Manager and CEO for the UAE, HSBC Bank Middle East


  • Strengthening roots: The emirate continues to lead in Islamic banking
  • Interview: Adnan Chilwan, Group CEO, Dubai Islamic Bank


  • Building blocks: A well-regulated and robust sector continues to see steady growth
  • A compelling narrative: Mandatory health coverage reshapes the domestic market


  • Looking ahead: Government investment plans focus on creativity, range and dynamism to drive future entrepreneurial growth
  • Interview: Yousuf Al Shaibani, Director-General, Mohammed bin Rashid Space Centre
  • Centre of attraction: Strategic public initiatives aim to build the city of the future


  • Firing on all cylinders: Rising infrastructure investment points to considerable future growth
  • Interview: Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors, Roads and Transport Authority
  • Carrying capacity: The emirate’s reputation as a centre for logistics is on the rise
  • An innovative priority: The emirate is investing in innovations that will change the face of the sector


  • Strength at sea: Government support and private investments drive expansion
  • Interview: Sultan Ahmed bin Sulayem, Chairman, Dubai Maritime City Authority


  • Maturing market: A leading force of sector activity, regulation and arbitration in the region
  • Global showcase: Investment and development in the emirate is ramping up before Expo 2020
  • Interview: Hussain Sajwani, Chairman, DAMAC Properties
  • Looking up: Following a slow period, the market appears poised for recovery
  • Taking off: Rising off-plan sales suggests a rebound in the residential segment
  • The rise of REITs: Property funds are becoming popular investment vehicles


  • Global ambitions: The emirate is well on its way to becoming one of the world’s most popular tourist destinations
  • Interview: Mohamed Almulla, CEO, DXB Entertainments
  • Inn demand: Despite economic pressures, lodging capacity is on a significant growth trajectory
  • Filling the gaps: Training facilities and programmes unveiled as part of drive to resolve long-standing staffing shortages


  • Onwards and upwards: Despite headwinds, new developments look set to bolster traditional offerings
  • Interview: Colm McLoughlin, Executive Vice-Chairman and CEO, Dubai Duty Free
  • The latest developments: New offerings being built are set to reinforce the emirate’s reputation as a leading shopping destination
  • A global destination: International visitors set to increase spending


  • Resilient and progressive: A diverse economy with strong energy ties looks to the future
  • Interview: Saeed Mohammed Al Tayer, Managing Director and CEO, Dubai Electricity and Water Authority
  • In the right direction: Reforms, retrofitting and solar are steps towards cleaner utilities
  • Interview: Saif Humaid Al Falasi, Group CEO, Emirates National Oil Company
  • Targets aligned: Capital and construction are ready to tackle the new energy mix


  • Forging ahead: Despite the slowdown in regional economies, ambitious expansion plans are contributing to a competitive sector
  • Interview: Princess Haya Bint Al Hussein, Chairperson, Dubai Healthcare City Authority
  • Expanding local coverage: More people set to receive treatment domestically
  • Systemic reforms: The government lays out a strategy to improve the well-being of residents
  • Global excellence: International providers flock to develop a burgeoning global medical market
  • Call the doctor: Advancements in technology are revolutionising medical care provision in the emirate


  • Holistic learning: Amid an improving international reputation, the sector turns its focus to student livelihoods
  • Interview: Abdulla Al Karam, Chairman and Director-General, Knowledge and Human Development Authority
  • Commercial knowledge: Profitable opportunities for private schools offering international curricula
  • Need for innovation: In a competitive ecosystem, international universities reinvent themselves to attract students


  • Data-driven growth: Developments in blockchain, artificial intelligence and mobile networks help expand smart services
  • Interview: Aisha bin Bishr, Director-General, Smart Dubai Office
  • Efficiency push: A largely consolidated market pushes for greater competitiveness
  • Capital ventures: Recent moves help position Dubai as a regional centre for start-ups
  • A new generation: Development of 5G mobile services is ahead of schedule


  • Wide open: Free trade zones and publicprivate cooperation boost a range of segments across the sector
  • Interview: Mohammed Al Zarooni, Director-General, Dubai Airport Freezone Authority
  • Made in UAE: A concerted effort is under way to promote a standard label for products manufactured in the emirates
  • Sweetening the deal: From confectioners to food wholesalers, the emirate has become a destination for food-related retailers


  • PwC
  • Full disclosure: A summary of general and new tax regulations
  • Interview: Dean Kern, Middle East Tax and Legal Services Leader, PwC


  • In the centre of it all: Hotel listings
  • Listings: Important phone numbers
  • Facts for visitors: Useful information for the business and leisure traveller
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  • Al Gurg Group
  • Central Bank of the UAE
  • Commercial Bank of Dubai
  • DAMAC Properties
  • Dubai Airport Freezone Authority
  • Dubai Business Women Counci
  • Dubai Chamber
  • Dubai Duty Free
  • Dubai Electricity and Water Authority
  • Dubai Financial Market
  • Dubai Healthcare City Authority
  • Dubai Islamic Bank
  • Dubai Maritime City Authority
  • DXB Entertainments
  • Emirates National Oil Company
  • GCC
  • HSBC Bank Middle East
  • Knowledge and Human Development Authority
  • Mohammed bin Rashid Space Centre
  • Nasdaq Dubai
  • Network International
  • PwC
  • Roads and Transport Authority
  • Smart Dubai Office
Note: Product cover images may vary from those shown