The Report: Dubai 2014

The Report: Dubai 2014

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In many respects 2014 marked the transition from strong recovery to promising growth for Dubai. With many exciting projects in the pipeline, not least the hosting of Expo 2020, the emirate is continuing to build on its reputation as a dynamic and international centre for business. Already a regional and global centre for business and finance, Dubaia€™s reputation has been bolstered by the MSCIa€™s decision to upgrade the UAE from frontier to emerging market status in 2014, while the emiratea€™s successful Expo 2020 bid is expected to generate myriad opportunities for private investors across a range of sectors. Construction is thriving once again, driven in large part by strong retail sector growth, with various projects, including plans for the worlda€™s largest mall, indicating that the sector will maintain its position as the emiratea€™s biggest GDP contributor moving forward. The transport and logistics framework is set for major expansion in the coming years as well, furthering cementing the emiratea€™s status as a leading transport and logistics hub not just regionally, but globally too. The continued development of Dubaia€™s retail and hospitality offerings, alongside the upgrades to its airports, should help to ensure robust growth in visitor numbers from both the region and further afield.By the time figures for November 2013 were published it was looking even better. ... which all posted double-digit RevPAR growth yearto-date November 2013 in local currency terms, a€ said Elizabeth Winkle, STR Globala#39;s managing director.

Title:The Report: Dubai 2014
Author:Oxford Business Group
Publisher:Oxford Business Group - 2014-01-28


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