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Since
the formation of the United Arab Emirates in 1971 Dubai has
developed rapidly from an oil and gas based state to a
broadly based market economy. A 30 year development plan
provided for substantial investment in education and
infrastructure (transport and telecommunications) and this –
together with an investor friendly environment - has led to
rapid growth in trade and inward investment.
Dubai
offers a world-class airline, Emirates Airlines, world-class
tourism with over 30 five-star hotels and the world's first
seven-star hotel, the Burj Al Arab, and world-class sporting
events: The Dubai World Cup the world's richest horse race
with prizes totaling US$ 4 million, the Dubai Desert Classic
golf tournament and the Dubai Rugby Sevens.
In
recent years Dubai has established the Dubai Internet City
and the Dubai Media City, providing the regional hubs for IT
– with companies such as Microsoft and HP and media
businesses such as Reuters and CNN. In September 2003 Dubai
also hosted the 2003 Annual Meeting of the Boards of
Governors of the World Bank Group and the International
Monetary Fund which provided a further boost to the service
sector of the economy as well as raising the international
profile of the Emirate amongst the financial community.
The
success of Dubai as a brand and the Dubai economy are the
result of dynamic and visionary leadership, an ultra-modern
and efficient infrastructure, the absence of protectionist
intervention by government bureaucracy, and a diversely
skilled, well educated, multi-cultural and multi-lingual
workforce. Dubai co-opts resident expatriates into
enthusiastic supporters of the country by making them feel
welcome and wanted as well as removing niggling bureaucratic
hurdles that frustrate foreign investment, and complicate
the lives of foreign residents, in other Arab states.
Dubai
also has an abundant supply of housing for expatriate
professionals, and excellent schools, centres of further
education and leisure facilities in a secure environment
that together encourages whole
families to relocate, providing a further boost to the
economy.
The value of total investment into varying projects that
have been declared or are underway in
Dubai
is expected to exceed US$ 28 billion by the end of 2005. The
projects – which cover real estate, manufacturing and
industrial facilities – are being planned and executed to
prepare
Dubai’s
infrastructure for further growth in productive capacity,
population and in tourist arrivals.
According to the Dubai
Executive Office and the Dubai 2010 Vision Statement, by 2010, Dubai will have:
1)
Achieved a
GDP of US$ 30 billion
2)
Achieved a
per capita GDP of US$ 23,000
3)
Achieved a
level of FDI of 4% of GDP, showing that
Dubai is seen as a
valuable business investment destination.
4)
25% of GDP
will be created by the knowledge economy sector while
the service sector will overall represent a total of 70%
of GDP
5)
Acquired a
relevant set of core competencies relevant to the
environment of 2010 and the vision of “Intercepting The
Future”
6)
Established a
truly free and open market economy , lightly regulated
to ensure healthy competition
Corporate Dubai
2005 is a 2 day elite conference designed to
stimulate new investment in Dubai and attract the CEO’s of
the world’s leading multinational companies. The Forum will
bring together CEOs, business owners, lenders, developers,
IT and financial consultants, economic development agents
and industry representatives to address Dubai’s closer
integration with the global economy, the challenges of
increasing competitiveness and achieving a faster growth and
opportunities and the exciting opportunities and incentives
for further enhancing trade and investment.
Corporate Dubai
2005
will feature panel discussions on topics of importance and high-
potential investment projects in the following sectors:
Financial Services, Tourism & Retail, Real Estate, Media,
IT and Knowledge-based Industries, Trade, Logistics and
High-Value Added Manufacturing presented by experts from
both the Private and Public sectors. The forum will also
present many networking opportunities for individuals to
pursue.
The
Forum will be held on ________, September 2005, at the Dubai
International Convention Centre.
WHAT:
CORPORATE DUBAI 2005- “Benchmarking
Excellence beyond the 21st Century”.
WHEN:
September 2005
WHERE:
The
Dubai International Convention Centre
HOSTS:
The
Dubai Development & Investment Authority, UAE
International Event Partners Ltd, UK
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