Monday, 23 July 2012

Dubai urged to back high-tech industries - FT.com

The chief executive of a Dubai manufacturing conglomerate says the government should support high-technology industries to boost the economy’s trade and tourism-led recovery.
Khalid Jassim Kalban, founding chief of Dubai Investments, says the emirate could increase the 15 per cent of gross domestic product that manufacturing presently represents towards the levels approaching 25 per cent seen in countries such as Singapore.
“Dubai can focus on high-tech, but there is no focus, the government needs to give it more direction,” he says.

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