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Chapter | Retail from The Report: Dubai 2018

Dubai is one of the world’s leading shopping capitals, and the retail and wholesale sector is the biggest single contributor to the economy. Local iconic malls are constantly reinventing themselves, searching for new brands and experiences to attract global consumers to spend on fly-and-buy excursions. The relationship between retail, real estate, air transport and tourism is key to the emirate’s value proposition for consumers and investors. The market’s ecosystem is driven for the most part by the franchise model, which integrates global brands and privately owned family firms to represent their interests in the country and region. The emirate also serves as the base of operations for regional retail and wholesale giants that may have started with a single small shop in Damascus, Basra or Manama, while local brands are using the location to spread across the region. This chapter contains an interview with Colm McLoughlin, Executive Vice-Chairman and CEO, Dubai Duty Free.

Chapter | Tourism from The Report: Dubai 2018

With a significant number of new hotels set to open, a raft of private sector-led investments in leisure and business facilities, and the government’s ambitious transport infrastructure development plan well under way, Dubai’s tourism industry is poised for a period of considerable growth in 2018. While the emirate has long been a tourist destination in the Middle East and a key stopover point for international air travellers, under the government’s current sector blueprint Dubai is set to become one of the most popular destinations in the world. The emirate’s reputation is fuelled by the rising number of tourist arrivals in recent years, with many local players optimistic that Dubai will meet its medium-term target of 20m tourist arrivals annually by 2020. This chapter contains an interview with Mohamed Almulla, CEO, DXB Entertainments.

Chapter | Construction & Real Estate from The Report: Dubai 2018

In 2017 Dubai was on the cusp of what is widely expected to be a multi-year building boom. Driven most immediately by preparations for Expo 2020, the construction of new and improved infrastructure and major event spaces constitutes an important component of the construction pipeline for the foreseeable future. At the same time, Dubai’s steadily increasing population, the rising number of incoming visitors and strong investment growth in recent years have fuelled an influx of new residential areas, hotels and warehouses. This chapter contains an interview with Hussain Sajwani, Chairman, DAMAC Properties.

Chapter | Maritime from The Report: Dubai 2018

Over the past half-decade Dubai has risen into the upper echelons of the global maritime industry. In April 2017 it was named the fifth-most competitive maritime cluster in the world, and the 10th maritime capital overall by the Norway-based Menon Business Economics Group, which publishes a bi-annual report on the international maritime industry. The report measures various cities on attractiveness and competitiveness, technology, finance and law, ports and logistics, and shipping. As the 10th-highest-ranking centre, Dubai was rated best in the MENA region. Furthermore, this is a notable rise from the previous edition, published in 2015, in which Dubai ranked 13th overall. The report predicts that Dubai will continue to grow in importance in coming years, becoming the sixth most-important maritime centre by 2022. This chapter contains an interview with Sultan Ahmed bin Sulayem, Chairman, Dubai Maritime City Authority.

Chapter | Transport from The Report: Dubai 2018

With increasing road, air and maritime transport movements, and the recent launch of a new five-year plan for the emirate’s transport industry, Dubai’s reputation as a major transport centre in the Middle East has continued to grow. In 2016 the emirate saw growth in aircraft, air passenger and air freight movement, as well as in the total number of Dubai Metro and bus system passengers, while the economic contribution from the maritime shipping segment has also increased. The emirate’s success in these and other transport and logistics-related areas over the past decade can be attributed largely to the rapid implementation of ambitious development strategies, with the Roads and Transport Authority launching 29 initiatives under the government’s smart city initiative between 2014 and 2016. This chapter contains an interview with Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors, Roads and Transport Authority.

Chapter | Innovation & Investment from The Report: Dubai 2018

Building on its reputation as a global city, regional financial centre and showcase of smart technology, Dubai is forging an economic future based on investment in forward-thinking ideas. As part of this strategy, the emirate is set to welcome millions of visitors to Expo 2020, which is aimed at creating an international platform to foster creative thinking on development goals for the MENA region and South-east Asia. The emirate’s leaders are already looking beyond the horizon at the impact modern science and technology can play in the UAE Centennial 2071 objectives, which offer an outlook for the long-term work planned to solidify the country’s reputation as a world leader. This chapter contains an interview with Yousuf Al Shaibani, Director-General, Mohammed bin Rashid Space Centre.