• HSBC

Sheikha Lubna discusses UAE urban development, cultural tourism at 2008 Global Creative Leadership Summit

  • United Arab Emirates: Wednesday, September 24 - 2008 at 13:40
  • PRESS RELEASE

UAE Minister of Foreign Trade H.E. Sheikha Lubna Al Qasimi discussed the UAE's unique approach to urban development, cultural tourism and diversification during a panel session on "Cities and Countries: Diversifying to Survive."

The session was part of the 2008 Global Creative Leadership Summit, which was held from September 21 to 23, 2008 at The Metropolitan Club in New York City.

H.E. Sheikha Lubna will join prominent international experts, public figures, academics, technologists, artists, Nobel Laureates and industry leaders in addressing the challenges and opportunities posed by globalization throughout the three-day invitation-only multidisciplinary Summit.

The UAE Minister talked about how cultural tourism has become an integral part of both the domestic hospitality service sector and the activities of her country's residents. She explained that the UAE welcomes around 10 million tourists annually, many of whom are attracted to the country's impressive blend of cultural heritage and rapid economic development. She referred to observations that cultural tourists spend more than ordinary tourists, thus making this sector a major contributor to national revenue. The Minister added that cultural tourism helps acclimatize foreigners who would like to spend more time in the country and enhances urban development.

"The UAE has been successful in maintaining its traditional roots while achieving significant economic and societal growth. Cultural tourism allows us to showcase this to both our foreign guests and our citizens who want to know more about our past, present and future. This unique segment of the country's thriving tourism industry has emerged as one of our top income-generating activities," said H.E. Sheikha Lubna.

H.E. Sheikha Lubna also discussed how good urban design and architecture have the potential to attract businesses, especially in sectors such as tourism. These reflect a vibrant economy and a progressive character and also act as effective elements in promoting a city and a country to the international markets. She referred to the cities of Dubai and Abu Dhabi in particular as models of urban growth and pointed out that the current trend among these areas to adopt eco-friendly and technologically advanced urban architecture has led to a safer, healthier and more productive environment for residents, visitors and businesses.

The panel session attended by H.E. Sheikha Lubna was moderated by Matthew Bishop, Chief Business Writer of The Economist. Other speakers included Mitch Landrieu, Lieutenant Governor of Louisiana; Pradeep Khosla, Dean of Engineering at the Carnegie Mellon University; Thaddaeus Ropac, a Principal at Galerie Thaddaeus Ropac; Earle Mack, Senior Partner at Mack Company; Bharat Wakhlu, President and CEO of Tata Incorporated Inc.; and Architect Richard Meier.

"Our unique and progressive approach to urban development reflects the UAE's general strategy of diversifying its economic activities and preparing for the next level of national growth. Through visionary leadership and the philosophy of excellence ingrained in all of our infrastructural developments, we intend to lead the region and the world in building the sustainable cities of the future,"


concluded H.E. Sheikha Lubna.
UAE Minister of Foreign Trade H.E. Sheikha Lubna Al Qasimi. 
UAE Minister of Foreign Trade H.E. Sheikha Lubna Al Qasimi.
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