“Dubai model” was the vision of one man

By Andrew Hammond – Analysis

DUBAI | Fri Nov 27, 2009 3:00pm EST

(Reuters) – The “Dubai vision,” which has suffered a crushing blow from the freewheeling Gulf emirate’s sudden debt crisis, is the creation of one man who failed to apply the rules of open governance.

The city state’s rapid growth revolved around the ruler Sheikh Mohammed bin Rashid al-Maktoum, who outlined his ideas in a book, “My Vision,” where he suggested other Arab countries could replicate Dubai’s success. Now the model — always controversial among Gulf Arabs since it involved building shining cities in the desert at breakneck speed through the import of foreign residents, finance and labor — is on the ropes. Continue reading “Dubai model” was the vision of one man

Abu Dhabi ascendant as debt spoils Dubai’s “model”

By Andrew Hammond – Analysis

DUBAI | Thu Nov 26, 2009 9:29pm EST

(Reuters) – Dubai’s debt troubles have exposed the fallacy of its once much-vaunted “model” of raising shining cities in the desert with foreign residents, finance and labor.

They have also set in train a power shift toward Abu Dhabi. Continue reading Abu Dhabi ascendant as debt spoils Dubai’s “model”