Dubai’s diversification model has right mix to re-accelerate growth, said Bank of America Merrill Lynch in a report entitled “GCC 2020: Time to Shift Gears”.
The report observed that more endowed countries such as Saudi Arabia, Qatar and the UAE have better chances to outperform their regional peers in economic growth.
BofA Merrill Lynch economists said that Dubai is set on course to outperform growth projections driven by job creation, improved funding and solid execution of its diversification strategy.
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