Tuesday 27 February 2018

Welcome to Dubai 2.0 - Bloomberg

Welcome to Dubai 2.0 - Bloomberg:

"Building by building, Sarah Al Amiri watched Dubai rise into the sky as she grew up in the city. She’s now a government minister overseeing the next stratospheric leap: a mission to Mars.

Much of the Arab world is mired in violence, poverty and unemployment, and yet in Dubai they’re busy working on sending a probe to the red planet within three years. It’s part of the latest package of eye-catching ambitions that include printing three-dimensional buildings, running the city on blockchain data technology and introducing hoverbikes and driverless drone taxis.

The quest for the next new thing, though, masks an uncomfortable truth as Dubai comes of age: The city has no choice but to reinvent itself again or risk a severe reversal of fortunes. Wealthier neighbors are trying to replicate its effort to move beyond oil, international banks are retrenching and it’s losing some of its allure for foreign workers."



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