Average Outlook

Published October 18th, 2000 - 02:00 GMT

The Emirates economy has been thriving from the combination of a strong non-oil sector and mounting oil prices. As the number of companies listed on the DFM expands, the Emirates overall financial foundation should become even more solid. The market is set to open, at least partially, to foreign investors, thus providing them with the opportunity to benefit from these promising developments. Moreover, local authorities have responded swiftly to challenges of the digital economy. The recently integrated Dubai Internet City, an IT free trade zone, has attracted significant international interest and will play a leading role in establishing Dubai as the IT hub of the Gulf region. 

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