As we move into 2012 one of the most significant stories has been a turnaround in the fortunes of Dubai. This is evident in the following indicators:

In 2011 Dubai International Airport handled a record 50.98 million in passenger traffic. This made it the 4th busiest airport in the world by international passenger traffic. As of January 2012, it is the 6th busiest airport in the world by cargo traffic.

Dubai has scaled new heights as it transforms itself into a regional and international events hub for business, entertainment and sports. We now see the emergence of Dubai as a film-making hub with the filming of “Mission Impossible: Ghost Protocol” showcasing Tom Cruise’s death-defying stunts atop Burj Khalifa being one of the more recent films shot in Dubai.

The UAE economy is recovering from previous headwinds, driven by a pick up in trade, tourism and public spending, supported by higher oil prices. The Arab Spring has diverted tourists, businesses and financial capital into Dubai, while significant headway has been made in debt restructuring in the Emirate’s government owned entities.

Having completed the longest driverless metro network in the world, spanning 74.695 kilometers, which has been a great boon to commuters, Dubai relentlessly continues to develop its world class infrastructure and its excellent connectivity to all parts of the region and the globe.

With its affordable rentals and its ability to attract top class talent from the rest of the world, it continues to be a magnet for organizations looking to set up their international or regional headquarters in the heart of one the most promising markets. We believe that businesses will continue to grow in the region with the key catalysts in 2012 continuing to be governmental spending across the region, more particularly, in the Kingdom of Saudi Arabia, Qatar in its preparation for FIFA 2022 and Abu Dhabi in the fulfillment of its 2030 vision.

Worth noting is a recent decision, by the UAE cabinet to accord full parity to GCC companies vis-a-vis their national counterparts in setting up branches in the UAE. This could be a game changer in attracting investments into the UAE from member GCC countries.

In closing, I would like to mention that we, at Lobo Management Services continue with our internal transformation, which positions us excellently to leverage the accumulated knowledge of the organization more effectively and efficiently to service our clients and candidates. In the process we look forward to adding considerable value to our clients and candidates, and, in the process, also do well for our organization and our dedicated band of consultants and staff.

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