In the interview, Daniel shared his views on Dubai as a model for rapid economic growth, emphasising that the Dubai government had always focused on infrastructural development and connectivity, with the four T's (trade, transport, tourism and technology) being defined as a key area of development.
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Daniel shares that the Dubai government had always placed an emphasis on infrastructural development and connectivity, with the three T's (trade, transport and tourism) being defined as a central focus. A fourth T, technology, has been added, embodied by the Dubai Smart City initiative – to prepare the city for the visit of 30 million people during Expo 2020.
There are other parallels with countries that make up the former Yugoslavia with several similarities with Dubai including geographical location, sea access, a well-educated population and a well-developed IT sector – all to deliver quality services at a much lower cost than in many other jurisdictions. Economic diplomacy between S.E. Europe and the GCC in general is on the rise, with several countries now having fully-functioning embassies and consulates in Dubai and the UAE. This has been of great benefit to local firms looking to place their products in the Middle East, either through large distributors or by means of setting up a presence.