Desautels students learn that Dubai is down but not out
Dubai's bubble has burst. When, if ever, will prosperity come back? That was the key question we sought to understand in a recent 10-day trip to the United Arab Emirates. In late February, a group of 24 McGill MBA and Bachelor of Commerce students travelled to the UAE to observe first-hand Dubai and Abu Dhabi's economy and try to understand its future. While Abu Dhabi has enjoyed wealth from oil reserves, Dubai - with virtually no oil - has built on its historic strengths. It has strategically positioned itself with six main economic pillars: property, finance, its port (one of the world's greatest), its airline hub, tourism and its distinction as one of the most attractive places to live in the Middle East for multinational-firm executives with Middle East and African responsibilities.
(Business Observer article by Desautels Prof. Karl Moore and student Brenna Comacchio)
, March 29, 2010
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