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Monday, November 9 - 2009

Chairman of Emirates Group, Sheikh Ahmed explains the Dubai World Central concept to Oxford Business Group

  • United Arab Emirates: Monday, June 09 - 2008 at 13:39
  • PRESS RELEASE

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman, Dubai City of Aviation Corporation - Dubai World Central and Chairman of Emirates Group, explained the concept behind Dubai World Central (DWC) in an exclusive interview in The Report: Dubai 2008, the latest edition of the authoritative business guide to be published by Oxford Business Group (OBG).

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  • His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman, Dubai City of Aviation Corporation - Dubai World Central and Chairman of Emirates Group.
    His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman, Dubai City of Aviation Corporation - Dubai World Central and Chairman of Emirates Group.
Sheikh Ahmed said: "The main reason behind building Dubai World Central which is centred around what will eventually be the world's largest airport - Al Maktoum International - is to support Dubai's aviation, tourism, commercial and logistics requirements until 2050. Also, the expansion of Dubai International Airport will still only facilitate 75m passengers, and in a few years when this airport reaches its maximum capacity we will need to accommodate more. We have named the airport Al Maktoum International to ensure that people realize there is still a connection with this city.

"When you look at Dubai and what has happened in the past five years, the amount of growth and the launch of large projects launched, the city needs and will need a lot of infrastructure and that is why we are focusing on the airports and the airlines to account for all of this growth.


"As Dubai continues to grow and expand in different ways, we also see potential not only from the GCC, but from the CIS countries and from the Indian sub-continent for people to send their children here to be educated. The schools that we have here and that are coming here have attracted a lot of people. The proximity of Dubai is closer to a lot of these countries than Europe and the United States.

"We always go hand in hand with the development of Dubai. We do not want to feel at any time that the city is expanding and the infrastructure is not ready."

Looking at the synergy between Emirates Airline Group, Dubai Aerospace (DAE) and DWC, Sheikh Ahmed said: "Between Emirates and DAE there are so many things that we can do together. Emirates and DAE are talking about putting up a University and a training college for pilots. Obviously, the natural place to start any of these enterprises will be DWC."

Rated as the premier guide for foreign direct investment into the country's dynamic economy, The Report will offer a comprehensive and detailed assessment of Dubai's opportunities for growth, the economic challenges which lay ahead, and the overall attractiveness of the emirate for investors.

The Report: Dubai 2008, with an international distribution of 76,000, is a complex guide to the many facets of Dubai, including its macroeconomics, infrastructure, political landscape, banking and sectoral developments, and is considered the most comprehensive intelligence review produced on the emirate.
33% of its subscribers are in Europe, 25% in North America, 17% in Asia, 14% in GCC countries, and 11% in North Africa and the Levant. 26% are financial institutions, 21% in energy, 20% in IT and telecommunications, 18% in industry, and 9% in real estate and construction.

The 200-page OBG publication contains the most extensive, independent and accurate intelligence available, and is produced by a team of OBG analysts based in Dubai for six months, who are conducting some two hundred interviews with leading political and economic figures.

It is the most comprehensive review of the emirate's business and economic environment available, with sector overviews and analyses supported by a series of exclusive interviews with important political and business figures.
The interview will be carried in full in The Report: Dubai 2008, which will be available in print form and online, and which is part of the range of OBG's publications, renowned as leading sources of information on developing and emerging economies around the world.
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About Oxford Business Group

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic and political intelligence on the markets of the Middle East, Eastern Europe, Asia, and North and South Africa. 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 series of economic, political and business reports have become the leading source of intelligence on the rapidly developing countries in the regions they cover. 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 these markets and those looking to enter them.

For more information please contact:
MCS/Action, PO Box 20970, Dubai, United Arab Emirates

Gladson Ronad
Tel: +9714 390 2960
Fax: +9714 390 8161

or

Fouad Kassem
Tel: +9714 390 2960
Fax: +9714 390 8161

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