Dubai Economic Update

Thu, 14th Jan 2010

Dubai Future looks bright for the Cruise Industry 

Phil's comment: I have read many stories relating to Dubai over the last few months, but one thing is becoming clear - tourism is certainly on the up. The introduction of new cruise ships to the region is a massive boost to Dubai's winter economy.

This year see's the introduction of Costa Cruises two newest cruise ships the Costa Luminosa and the Costa Deliziosa. Plus we have recently seen Royal Caribbean International annouce a partnership with Dubailand over the next few years, which is yet another indication of the cruise lines commitment to winter holidays in the Emirate.

I expect to see a wider choice of flights from the UK in 2010/2011 and also other cruise lines positioning ships into Dubai's new cruise terminal.

Here's the latest news:

With all eyes on Dubai, economic transparency is more important than ever. In December last year, HH Sheikh Ahmad Bin Saeed Al Maktoum, chairman of the Dubai Supreme Fiscal Committee (DSFC), and Mohammed Al Shaibani, CEO of Investment Corporation of Dubai and Deputy Chairman of the DSFC, met with senior economic and political leaders in London, New York and Washington. Dubai’s commitment to transparency was reinforced as developments regarding the Dubai World debt standstill were comprehensively explained.

The move reinforces the fact that Dubai is upholding its position as a global financial hub and maintaining the investor confidence the emirate has built up over the past decades.

Speaking of December’s meetings, Sheikh Ahmad said: “We want to reassure investors, financial and trade creditors, employees, and citizens that our government will act at all times in accordance with market principles and internationally accepted business practices.”

Ending the year on a positive note he went on to stress that Dubai is, and will continue to be, a strong and vibrant global financial centre, claiming: “Our best days are yet to come.”

Phil: For great cruise deals to/from Dubai, make sure you us the search form at the top of the page.
  

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