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Thursday, November 12 - 2009

'Emerging Dubai 2006' reiterates strong growth potential of Dubai

  • United Arab Emirates: Tuesday, December 12 - 2006 at 14:05
  • PRESS RELEASE

Dubai's strong growth fundamentals have been underscored in 'Emerging Dubai 2006,' an elaborate report on the emirate's economy by Oxford Business Group and launched in association with the Dubai Department of Economic Development (DED).

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  • Ali Ibrahim, Deputy Director General for Executive Affairs, DED, Sonja Gehlsen, Country Director, OBG, and Gaspard Metzger, editorial manager, OBG, at the official launch of 'Emerging Dubai 2006'.
    Ali Ibrahim, Deputy Director General for Executive Affairs, DED, Sonja Gehlsen, Country Director, OBG, and Gaspard Metzger, editorial manager, OBG, at the official launch of 'Emerging Dubai 2006'.
Citing the strong returns assured by real estate, construction and retail, the report stresses that the economic success of Dubai is set to continue.

'Emerging Dubai 2006' was officially launched today at the DED premises by Ali Ibrahim, Deputy Director General for Executive Affairs, DED, Sonja Gehlsen, Country Director, OBG, and Gaspard Metzger, editorial manager, OBG.

"The tie-up of the Department of Economic Development with Oxford Business Group is a significant step towards creating greater international visibility for Dubai," said Ali Ibrahim.

"Emerging Dubai 2006 is a comprehensive economic, political and business review of the emirate, and covers various sectors including politics, insurance, tourism, macroeconomics, energy, agriculture, banking, real estate, capital markets, infrastructure, and media."


"The report has reiterated the growth potential of Dubai, which is a testament to the vision of UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum to broaden the scope of economic activities in the emirate and ensure all-rounded economic growth," he added.

'Emerging Dubai 2006' includes unique statistical forecasting and a range of economic and financial indicators. The research includes 200 private and public sector interviews including top-level contributions from some of Dubai's most influential business, political and social leaders, including His Highness Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Finance Minister; Anwar Gargash, Minister of Federal National Council Affairs; Mohamed Ali Alabbar, Director General of the Department of Economic Development and Chairman of Emaar Properties; Donald Trump, CEO of the Trump Organisation, and Anthony Harris, former UK Ambassador to the UAE.

Sonja Gehlsen said the quality of interviewees and the assistance of research partners - including PricewaterhouseCoopers, Al Tamimi & Company, National Bank of Dubai and Shuaa Capital - was crucial in ensuring the total authority of the updated report.

"With the highest level of professional input we have delivered an unparalleled research document for global investors considering business in Dubai - whether in energy, tourism, banking, retail, real estate, capital markets, infrastructure or the media," she added.

"Dubai has affirmed its place among the world's most spectacular economies. It has established an enormous lead over potential competitors and there is little chance of anyone catching up anytime soon. And, in any case, Dubai never stops moving forward," said Gaspard Metzger.
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Notes and media contacts

For further information, please contact:

Hicham Amrani/ Nafisa Marzouki
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
P O Box 28063, Dubai, UAE
Tel: (971 4) 3344550
Fax: (971 4) 3344556

About Department of Economic Development (DED):

The Department of Economic Development (DED) was established in March 1992, with the objective to organise, regulate and boost trade and industry within the Emirate of Dubai. The DED has moulded its mission of building a futuristic establishment, in accordance with the vision of the Government of Dubai and in the light of globalisation and the requirements of a digital economy. One of its key functions is to encourage local and foreign investments in commercial and industrial projects, and create the appropriate environment for investors.

The DED's other functions comprise a wide range of regulatory activities including the preparation and maintenance of a commercial register and the supervision of all organisations. The DED is responsible for regulating the affairs of commercial agents and brokers and commercial advertising offices, in addition to overseeing and controlling the insurance industry in the Emirate. Examining the participation of the government in the private sector and representing the government in companies where it has a stake, also comes under the purview of the DED.

About Oxford Business Group

Oxford Business Group (OBG) is a UK-based publishing, research and consultancy services organisation. It publishes economic and political intelligence on the emerging markets of Eastern Europe, North and South Africa, The Middle East and Asia. Through its range of print and online products, OBG offers comprehensive and accurate analysis of political, macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.
Written by a team of seasoned analysts based on the ground for six months, the critically acclaimed Emerging Markets series of economic, political and business annuals have become the leading source of intelligence on specific countries in emerging regions. OBG's online economic briefings provide up-to-date in-depth analysis on the issues that matter for thousands of subscribers worldwide. OBG's consultancy arm offers tailor-made market intelligence and advice to firms currently operating in emerging markets and those looking to enter them.

In the Gulf and Levant, OBG publishes Emerging Dubai, Emerging Abu Dhabi, Emerging Kuwait, Emerging Bahrain, Emerging Qatar, Emerging Oman, Emerging Lebanon, Emerging Jordan, Emerging Egypt and Emerging Syria.

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