TAG: The Middle East
Anyone with an interest in the economies of the Arabian Gulf will be more than familiar with the concept of diversification. In many ways it has become a mantra for this oil-rich region as it has sought to reduce its dependence on hydrocarbons...
While in 2016 the world’s fastest-growing economies suffered due to low commodity prices and currency depreciations, Dubai still enjoyed steady GDP growth at around 4% and an increased drive towards consolidating its position as a knowledge-based economy.
The emirate is working to encourage investment and development in key non-energy sectors, including transport and education.