Syed Mohammad Ali & Najia Mahboob
CEO of Fortune Group and Director of Business Development of Fortune GroupMoody’s believes that the region’s property boom is driven by strong fundamentals and rules out that the bubble being built could be pierced.
UAE Zones: Fujairah Free Zone
Director General of Fujairah Free Zone I think in Fujairah and Fujairah free trade zone, we are part of the Emirates, we are Fujairah free zone know our structure, we know our capabilities, we have the supporting infrastructure such as the airports, ports, the free zone and other departments. Fujairah and Fujairah free trade zone look into petrochemicals very strongly. Fujairah will become in the next five years a base for petrochemicals and that itself is a business line.
H.E. Sheikh Omar bin Saqr Al Qassimi
Chairman of RAK BankInflation is hitting new highs in the UAE and is becoming one of the most talked about issues. How do you assess the policies adopted by the UAE central bank?
Fujairah International Airport Leading Airport in Fujairah
Dr. Khaled Almazroui, General Manager of Fujairah International Airport Fujairah International Airport does contribute to and help the emirate of Fujairah as an airport to provide good services to the travelers. When travelers come to Fujairah International Airport, the first thing is their impression of that airport. And as travelers, like you and I are, usually you remember the airport of the city you are flying to; you remember the services, even how the counters looked, you remember all these things.
Dubai World Central Major Transportation Hub
Abdulla Ahmed Al Qurashi, CEO of Dubai Aviation City and Logistics City Dubai Logistics City is going to be the largest logistics city in the world with 12 million tones of cargo. We have a new concept at Dubai Logistics City; sea-air cargo. We have connectivity between the largest airport in the world, the largest logistics city in the world and the largest port in the world, which is Jebel Ali port. We also have a fast track between Jebel Ali port and the logistics city. We have very good experience, even with our partners; the logistics companies who will start their business this year. Air freight is very important for this region. Dubai is a hub for distribution to almost the entire Indian Subcontinent, Central Africa and the Central Asian zone where there is no connectivity between the seaport and cities.
UAE Telecom: Competition from DU
Osman Sultan, CEO of DU The introduction of Du in the UAE telecom sector had as a primary target the introduction of competition. Prior to launching Du, the TRA, the Telecommunication Regulation Authority, was established.
UAE Telecom Market: Telecommunication Regulatory Authority
H.E. Mohamed Al Ghanim, Board Member & Director General of Telecommunication Regulatory Authority First of all, there is the investment side of the telecom infrastructure. Right now, we have a lot of areas in which companies need to go and invest in order to lay down the telecom infrastructure. We believe that the best way forward for competition should be on a service level rather than on a facility level.
Andrew Chambers
Managing Director of AstecoDecree No.27 for 2007 states that “rent will be capped by 5%, which is a drop of 2% from 7% last year. In 2008 we have seen the rent lower from 7% in 2007.
Muath A. Jalil
General Manager of Rasyat Real EstateI am not saying we are only short – we are suffering from the short supply. To recover from that short supply, we need a minimum of more than 6 years of development to cover such a supply. As has been planned by one of the codes of the Urban Planning Council, so far up to this year, there is a 270 billion US dollars project launch, and there is another one expected within the next two years of 190 billion US dollars, to be launched again for more projects.
Lesley Sayle
Central Project Officer of Union PropertiesMotorcity is the first project of its kind in the world. It’s been operational for about three and a half years. It started with the Dubai Autodrome, which is the racetrack. It’s developed into a development that consists of five components. Dubai Autodrome is the first one that we launched, about three and a half years ago, and we’ve been hosting a number of races; there’s also the race school with a race track.