Friday, January 27, 2006

Dubai pushes for Asian manufacturers :: Shanghai Daily

Quote:
Dubai, the commercial hub of the United Arab Emirates, has managed to diversify its economy beyond oil with a focus on trade, services and real estate development. It now plays a role much like the port cities and financial centers of Hong Kong and Singapore, but like them it is also reluctant to have its fortunes based entirely on less-tangible activities.

"We believe manufacturing should play a role in our economy. We don't believe Dubai should depend only on services," said Arif Mubarak, director of the Asia Pacific Region for the Dubai Development & Investment Authority. The government body has just opened an office in Hong Kong, its first in Asia, and also plans to open offices in London and New York.

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