Hamdan bin Mohammed: Dubai's economy was designed to overcome challenges
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai (Photo: Asharq Al-Awsat)
Published 15 Nov,2020 via Asharq Alawsat (English Edition) - The city of Dubai bets on its economic model to overcome crises, as a number of factors contribute to transforming challenges into opportunities. Over the past two decades, the world has faced four major economic crises, with an impact that varied from one country to another.
Those started with the global economic slowdown in 2000 and the events of September 11, 2001, the US mortgage crisis in 2008, the drop in oil prices in 2014, and the emerging coronavirus pandemic this year. The latter had painful repercussions on several vital sectors, such as tourism, trade, transportation, industry, technology and energy, dragging countries into severe financial and economic crises.
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Asharq Alawsat