As Gulf competition grows, Dubai ruler announces government shake-up | Reuters
Amid growing competition among Gulf states to position themselves for a post-oil future, Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum on Tuesday announced plans to restructure his government to make it more efficient.
Sheikh Mohammed said on Twitter that all Dubai officials and directors of government institutions will sign binding three-year contracts with set outcomes and pay.
Dubai’s economy, which is the region’s most diversified, was one of the hardest hit by the coronavirus pandemic. S&P estimated that GDP contracted 10.8% last year.
Earlier this month the Dubai government said it plans to boost tourism and hotel capacity by 134% over the next two decades, as part of a wider plan to make the emirate more competitive.
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