The city of skyscrapers in the desert is coming of age. Its biggest challenge is to keep growing
Growing up in Dubai, Sarah Al Amiri watched the city rise into the sky, building by building. Now, at 31, she’s overseeing the latest shoot-for the-stars initiative in all the Arab emirates: a mission to Mars. It’s part of an ambitious blueprint for reinvigorating the economy that also includes printing three-dimensional buildings, running the city on block chain technology, and assembling a fleet of driverless flying taxis. “We’re not hesitant toward taking risks,” says Al Amiri, who was appointed minister for advanced sciences in October. Gesturing toward the 2,722-foot-tall Burj Khalifa, which eight years after completion is still the world’s tallest building, she adds: “We don’t like stopping when it comes to development.”
The quest for the next new thing, though, masks an uncomfortable truth: Dubai has no choice but to reinvent itself constantly or risk a severe reversal of fortunes. Even as wealthier neighbours are trying to replicate its effort to move beyond oil, the international banks that once rushed to Dubai to open offices are retrenching.
هذه القصة مأخوذة من طبعة 16 March, 2018 من Bloomberg Businessweek Middle East.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة 16 March, 2018 من Bloomberg Businessweek Middle East.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Golfing With The Enemy
Did Donald Trump's executives violate the Cuban embargo?
Super-Rich Syrians Wait for War's End
Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate
Pam Codispoti
The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking
This Time It's The Economy
President Rouhani’s budget sets offprotests from people angry about unemployment and inflation
Saudi Prince Counts On Support Of Citizens
State-worker salary increases appeal to the people, but policy may throw the budget off track
Stalin's Legacy Is Choking The Ukrainian Economy
The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors
Catastrophe Bonds Survive A Stormy Year
The turbulence of 2017 couldn’t destroy a market for betting against disasters
Riding The West Bank's Credit Boom
Increased consumer lending is creating a bubble in the West Bank
You'd Be Crazy To Buy Pizza With Bitcoin
Speculative fervour makes the cryptocurrency clumsy for commerce
What If The President Loses His Party?
Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake