Dubai’s Competitive Advantage Will Not Last Forever – Experts » Gulf Business:
"Dubai needs to diversify its economy further and attract the best talent to retain its competitive edge in the Middle East, according to experts.
Speaking at a panel discussion at Emirates Airline’s Festival of Literature, experts said that the emirate should work on retaining its competitive advantage as other countries in the region build to rival Dubai’s developments.
“Dubai has the tallest building in the world but not for long as others are building…It will happen…you have to be aware that the competitive advantage never lasts,” said Morgen Witzel, a management expert and the author of ‘Management from the Masters’.
“Start thinking about the diverse population here and see how you can leverage other markets. Think seriously about what your Expo policies should be. To me that is the road to sustainable long-term diversification.”
Dubai’s house prices plunged more than 50 per cent in 2009, causing it to nearly default on its debt as the emirate reeled from the effects of the global financial crisis."
'via Blog this'
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