He confirmed that Dubai will witness the transition of professional services... and the influx of more foreigners

British expert: The UAE is qualified to be a bridge linking the new global economy

Ian Goldin: "The UAE has an advantage in the region with increased travel, and benefiting from the encouraging results of the boom in real estate."

A British economist confirmed that the UAE is in a good position to be a link to the new global economic center of gravity.

Speaking at the 20th Cityscape Global Summit, Ian Goldin, professor of globalization and development at Oxford University, said that the global economic center of gravity is rapidly shifting, and the UAE is in an ideal position to be a bridge to the center.

As part of those massive transformations that the epidemic has greatly accelerated, Goldin explained that “China will by far be the largest economy in the world, accounting for about 18% of global economic activity, with the United States retreating from first place to number three, which represents about 12% of economic activity.

He added that "India's economy will be larger than the US economy, occupying the second place, as it represents 15% of global economic activity, while Indonesia will be close to the United States by about 10% of global economic activity."

Goldin pointed out that the UAE has an advantage in the region, with the expectation of increased travel, as well as benefiting from the encouraging results of the recovery in the real estate sector.

To enhance the UAE's position as a global business center, Goldin referred to several initiatives launched by the state, such as the golden visa, which encourages the influx of more foreigners to the country, especially since remote work is still popular.

"We will see a move to Dubai for professional services that can be done remotely, and this is a great opportunity for the emirate," the British economist said.

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