Dubai/Manama: A new report by the global research and consultancy firm Oxford Business Group (OBG) on Dubai will look in detail at the emirate’s efforts to ensure long-term growth is sustainable by further diversifying the economy and boosting foreign investment.
The Report: Dubai 2020 will shine a spotlight on the sectors of the economy earmarked for expansion in the emirate, which include tourism, logistics, retail and IT.
It will also track the progress of the major infrastructure projects and other work under way in and around the city as Dubai’s preparations for hosting the Expo 2020 in October next year move into their final phase.
The British Business Group (BBG) has signed a first-time partnership agreement with OBG for its forthcoming publication. Under the agreement, BBG will help to produce The Report: Dubai 2020 and other content on Dubai and the UAE that will be made available across OBG’s platforms.
“We are delighted to announce our partnership with Oxford Business Group as part of our commitment to providing members with greater access to market information to support their business interests,” John Martin St. Valery, Chairman of the BBG for Dubai and Northern Emirates, said.
He added that the BBG’s strategy was to be a useful and current resource for members with the provision of market information and to create opportunities to learn best practice across industries. “Partnering with such an established and highly regarded source of business intelligence will be met with great interest and enthusiasm from our members,” he said.
Welcoming the BBG on board, Jana Treeck, OBG’s Managing Director for the Middle East, said these were exciting times for Dubai, with its efforts to tackle key challenges beginning to deliver results and hopes high for Expo 2020 and beyond.
“Real estate prices have gradually fallen, while a reduction in government fees will further strengthen the emirate’s role as a regional business hub by lowering costs. Furthermore, Expo 2020 is set to ensure that Dubai retains its position on the world stage in the coming months,” Treeck said. “These and the many other developments under way in Dubai will undoubtedly be of great interest to our readers and I’m thrilled that we will be benefiting from the BBG’s input as we embark on the research for our 2020 report.”
OBG’s Country Director Burcu Atzeni agreed that the contribution made by BBG would bring an added dimension to the Group’s coverage of Dubai’s economic development and investment opportunities.
“Oxford Business Group has long recognised the importance of teaming up with highly regarded organisations on the ground and pooling expertise when carrying out the research for its projects,” Atzeni said. “Given the key role that the British Business Group plays in providing UK companies and individuals with access to opportunities and market intelligence on Dubai and the Northern Emirates, I’m confident this partnership will prove beneficial to its membership and our subscribers.”
The Report: Dubai 2020 will mark the culmination of more than 12 months of field research by a team of analysts from Oxford Business Group. It will be a vital guide to the many facets of the emirate, including its macroeconomics, infrastructure, banking and other sectoral developments. OBG’s publication will also contain contributions from leading representatives across the public and private sectors, including Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; Hamed Ali, CEO of Nasdaq Dubai; Saeed Mohammed Al Tayer, CEO of Dubai Electricity and Water Authority; and Sultan Ahmed bin Sulayem, Chairman of Dubai Maritime City Authority and DP World, among others.
The Report: Dubai 2020 will be produced in partnership with the Dubai Chamber of Commerce and Industry. Contributions will also be made by; BBG; the Commercial Bank of Dubai; Nasdaq Dubai; and PwC. It will be available online and in print. By Mahmood Rafique, Editor
