Upcoming OBG report on Dubai to show emirate’s economic turnaround

DUBAI: Dubai s recovery story, which is set to receive a further boost as preparations for Expo 2020 gain momentum, will be charted in a forthcoming report to be produced by the global publishing firm, Oxford Business Group (OBG).

OBG’s ‘The Report: Dubai 2015’, which features interviews with H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, Mohammed bin Abdullah Al Gargawi, U.A.E. Minister for Cabinet Affairs, and Sultan bin Saeed Al Mansouri, U.A.E.

Minister of Economy, will highlight the list of infrastructure and transport projects earmarked for development, many of which bode well for tourism and logistics expansion in the Emirate and across the GCC. The publication will also explore Dubai s efforts to further strengthen its position as a global Islamic hub, against a backdrop of rising demand for Shari ah-compliant financial services.

The Group s Regional Director, Jana Treeck, said 2014 was proving to be a pivotal year for Dubai, with its dramatic financial turnaround generating newfound investor confidence. “Expo 2020 is galvanising construction activity, while new regulations governing Dubai s real estate market have helped to improve investor sentiment,” she said.

“Our new report will look in detail at the many exciting projects under way in the Emirate, including its airport developments, tramline initiative and metro extension, which will be instrumental in driving new growth at this exciting time.” OBG s Country Director, Basak Pasali, said, “Even before the outcome of the Expo 2020 bid was known, Dubai s economy was already expanding across the sectors.”

SOURCE: WAM