Tuesday 24 April 2018

Mahmud Merali and Basak Pasali

OBG report to focus on Dubai recovery

Dubai, June 17, 2014

Dubai’s recovery story, which is set to receive a further boost as preparations for Expo 2020 gain momentum, will be charted in a forthcoming report to be produced by the global publishing firm Oxford Business Group (OBG).

The Report: Dubai 2015 will highlight the list of infrastructure and transport projects earmarked for development, many of which bode well for tourism and logistics expansion in the emirate and across the GCC, said a statement.

The publication will also explore Dubai’s efforts to further strengthen its position as a global Islamic hub, against a backdrop of rising demand for sharia-compliant financial services.

The group’s regional director Jana Treeck said 2014 was proving to be a pivotal year for Dubai, with its dramatic financial turnaround generating newfound investor confidence.

“Expo 2020 is galvanising construction activity, while new regulations governing Dubai’s real estate market have helped to improve investor sentiment,” she said. “Our new report will look in detail at the many exciting projects under way in the Emirate, including its airport developments, tramline initiative and metro extension, which will be instrumental in driving new growth at this exciting time.”

OBG has once again signed a Memorandum of Understanding (MOU) on research facilities with Merali’s Chartered Accountants and Registered Auditors for its forthcoming report. Under the MOU, OBG will have access to the firm’s resources, which will be used to compile the Accountancy and Tax Chapter of The Report: Dubai 2015.

Merali’s Chartered Accountants and Registered Auditors group managing partner Mahmud Merali said with Dubai’s economic revival gaining ground, global business leaders were clearly keen to learn more about the emirate’s favourable tax regime and other attractions.

“Investor interest is rising, after a difficult few years, on the back of Dubai’s robust recovery,” he said. “Our third year of partnership with Oxford Business Group will provide potential investors eyeing opportunities in Dubai with the information they are looking for on the Emirate’s tax framework and possible legislative changes.”

OBG’s country director Basak Pasali said she was delighted to have Merali’s Chartered Accountants and Registered Auditors on board for The Report: Dubai 2015. “Even before the outcome of the Expo 2020 bid was known, Dubai’s economy was already expanding across the sectors,” she said. “I am thrilled that Merali’s experts will be contributing to our coverage of the Emirate once again, as Dubai gears up for six exciting years.”

The publication will include interviews with the Minister of Cabinet Affairs in the Federal Government of the United Arab Emirates Mohammad Al Gergawi, the Minister of Economy Sultan bin Saeed Al Mansouri and the chairman of the Dubai Supreme Fiscal Committee Sheikh Ahmed bin Saeed Al Maktoum.  - TradeArabia News Service

Tags: Dubai | OBG | recovery |

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