As he admits, the chairman and founder of Dubai-based construction and property conglomerate Danube Group is an optimist by nature, and hence it is easy to fathom why he belives that the UAE’s economy will recover rapidly from the Covid-19 crisis. “The UAE is set to witness one of the fastest ‘V’ shaped recoveries in the world from the Covid-19 pandemic due to a number of factors including the way the authorities handled the crisis from day one,” he insists, in a bold prediction. The Dubai-based businessman is confident that before the end of the second quarter of 2021, the situation will bounce back to normal, with the local economy back on track for strong growth.
While one could attribute his sanguine economic outlook to his personality, Sajan stresses that he has solid reasons to back his projection. “If you look back, the UAE recovered faster compared to other economies from all the previous crises they faced in the last three decades, be it the Gulf war or the global financial crisis. And there are practical reasons for this.
The first and foremost is the strong and visionary leadership of the country. Also, from the beginning, the UAE has invested in its future, be it hard or soft infrastructure, technology, systems, processes, people and the global connectivity that helps it to recover fast. It is a future-ready country,” he explains.
Denne historien er fra September 2020-utgaven av Gulf Business.
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Denne historien er fra September 2020-utgaven av Gulf Business.
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Green lights
It hasn’t even been a full year that Stellantis, one of the world’s biggest auto companies, has been in existence. Still, its wheels are spinning furiously. Here’s what it has in store for the region
Purpose through corporate responsibility
Every organisation must deeply reflect about whether they are leaving behind a legacy or a liability, says Abdulaziz AlSowailim, EY MENA chairman and CEO
Analysing the layers of a coconut
When we have a sense of clarity as to our purpose in life, then we institute the correct practices and habits around us, and set realistic and achievable results
DUNES TO DOMINION
FOR A COUNTRY RICH IN TRADITION AND DRIVEN BY AMBITION, THE UAE’S JOURNEY DURING THE PAST 50 YEARS HAS BEEN UNPRECEDENTED. WHAT’S IN STORE FOR THE NEXT 50?
Building strong
International investors are boosting Dubai’s residential property market, which has rebounded strongly from the Covid crisis, writes Aarti Nagraj
CHASING THE AMERCIAN DREAM
FOR SHAI ZAMANIAN, THE US IS A LAND OF LIMITLESS POSSIBILITIES, AN AVENUE HE AIMS TO OPEN FOR FAMILIES WORLDWIDE VIA IMMIGRATION. HERE’S HOW HE IS BRINGING HIS GOAL TO FRUITION
OBITUARY: JOCELYN HENDERSON (1921-2021)
THE GRANDE DAME OF ABU DHABI – THE WIFE OF A FORMER DIPLOMAT – PASSED AWAY IN THE UAE CAPITAL AGED 100
THE DIGITAL DISRUPTORS
IN THE COMING YEARS, THE GCC IS EXPECTED TO PLAY A SIGNIFICANT ROLE IN SECTORS SUCH AS HEALTHCARE, MANUFACTURING, EDUCATION AND RETAIL, WHICH WILL HELP BOOST THE GROWTH OF ITS NON-OIL ECONOMY
Signed, sealed, delivered
Nicolas Baretzki, CEO of Montblanc, partnered with one of the world’s most recognisable luxury brands, Ferrari, earlier this year. Here’s where the partnership, and the German company as well, is headed next
UP, UP AND AWAY
AS THE FIRST IN-PERSON AIRSHOW TO TAKE PLACE SINCE THE OUTBREAK OF THE PANDEMIC, THE EVENT SAW SEVERAL DEALS ANNOUNCED
