Dubai reshuffle signals light at end of tunnel

* username: rupertbu

The shake-up at the top of Dubai Inc announced last week may at first glance look like the work of a bureaucratic paper shuffler, but in fact it holds the key to the future economic strategy of the emirate.

It is a sign that, while there is still much to do in resolving individual corporate problems within Dubai’s debt-buffeted structure, there is light at the end of the tunnel that the emirate entered with the decision last November to restructure Dubai World.

The creation of five top-level committees to oversee government strategy – in the fields of economy; security and justice; social and community areas; infrastructure and environment; and health and safety – is a key indicator that Dubai Inc has drawn a line under the financial crisis, and is beginning to plan how the emirate will emerge from the other end.