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1/18/24, 3:16 PM Competition between Gulf economies benefits whole region, UAE economic minister tells Arab News
in January, 2020 and missing CIA les as a major roadblock to him winning the
Republican nomination.
“I’m telling you, Trump is going to lose,” he said. “You don’t want this guy; you
ha ve a tough enough time in the Middle East, with Iran; you don’t want
someone thi s unstable and impetuous as the American president.”
The “insane” development of non-oil sectors of Gulf economies, thanks to its
competitiveness, ha s turned the region and its cities into some of the world’s
most attractive prospects for its youth and expatriate communities to settle in
and “build a life,” according to Julien Hawari, CEO and founder of content
creation rm Special Edition.
“Five years ago, who would ha ve thought that the hottest cities in the world were
going to be called Abu Dha bi, Dubai, Riyadh, even Doha? There has been a
profound transformation,” he said.
“The re ha s been one thi ng missing from the conversation that has been vital,
and tha t’s the youth empowerment, there has been a way of doing things that
ha s completely transformed the se countries, you have young leadership at
ministerial level, in the UAE, in Saudi Arabia, in Qatar,” he added.
Hawari, who said he believes the economies of the US and the rest of the West
are lagging 10 years behi nd thos e in the Gulf, also rejected concerns over oil
price cha nges ha mpering development of Gulf economies in the next decade,
and backed a mobilized work force to keep driving growth.
“Yes, price of oil will go down, but will the human capital ( in the region) change?
I doubt it,” he said. “(The region) has been able to ride through the good times
and bad through nancial discipline. Hard times will hit the region, of course. If
the US, Chi na or Europe suer, the region is impacted, but what has been
ha ppening the re is mind-boggling.”
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