OBG will explore Dubai potential to tap growth economies of Asia and Africa in forthcoming reportAug 5, 2012 - 12:11 -
WAM Dubai, Aug 5th, 2012 (WAM) -- The key role earmarked for Dubai's well-developed logistics and transport infrastructure in supporting the emirate's bid to tap the growth economies of Asia and Africa will be explored in a forthcoming report to be published by the global publishing, research and consultancy firm Oxford Business Group (OBG).
The Report: Dubai 2013 will chart the significant contribution that the services sector is making to the emirate's economic recovery. It will also contain a detailed, sector-by-sector guide for foreign investors, alongside a wide range of interviews with the most prominent political, economic and business leaders.
OBG will team up with the Dubai Chamber of Commerce and Industry for its new research, allowing them access to the expertise, research and up-to-date statistics from the Chamber.
Representing over 130,000 members of Dubai's business community, the Chamber spearheads the efforts to promote Dubai as an international business hub and highlights its attractions to investors.
Hamad Buamim, Director General, Dubai Chamber, stated that the main driver behind Dubai's economic growth is the strategy of generating new business opportunities through diversification focusing on trade, tourism, logistics and financial services sectors which support the emirate's buoyant infrastructure and its growing reputation as an international business hub.
"Dubai Chamber is supporting the emirate's diversification process by launching new strategies and initiatives to enhance the competitiveness of Dubai businesses in the global market by working closely with our business councils and groups, encourage FDIs, advocate pro-business laws and policies, adopt best practices for businesses to emulate, provide quality services to all our stakeholders and work continuously to enrich the economic development of the emirate," he said.
OBG's Regional Editor Oliver Cornock said he believed the beginnings of Dubai's economic recovery, together with the consolidation that had taken place in a number of sectors, had been swifter than many analysts anticipated. "This means Dubai is now in a very good position to build on its core strengths which are services," he said.
He added that Dubai's efficient freight operation and sound infrastructure would serve it well as it moved to tap the growing Asian and African economies alongside its established European markets. "The Jebel Ali Port already benefits from the attached free-zone manufacturers, while Dubai International is expanding once again," he said. "The emirate's move to improve connectivity to the rest of the peninsular by further developing its efficient road system also sends out positive signals to investors." Country Director Nihan Alan agreed that Dubai was well placed to continue regaining ground lost during the global economic crisis. She also said she looked forward to pooling resources with the Chamber and building on the relationship that OBG had established with its members over the years.
"The Dubai Chamber's team have a hands-on understanding of what doing business in the emirate involves and the important role that business plays in the development of the national economy," she said. "I am delighted that the Group will once again benefit from the Chamber's in-depth understanding of the emirate's business scene as we begin the research process for The Report: Dubai 2013." The Report: Dubai 2013 will be a vital guide to the many facets of the emirate, including its macroeconomics, infrastructure, banking and other sectoral developments. It will be available in print or online.