Dubai's detractors have had a field day in recent years. The wise man, they pointed out, did not build his house upon the sand. From its heyday in the 2000s, doomsayers forecast the city would collapse and be swallowed up by the desert. That has not happened and, after a painful retrenchment, the Middle East's leading hub is back on the path to growth. With the opening of Terminal 3, Dubai's airport expects 75 million international passengers in 2013, rising to 90 million in 2015. This would catapult it into the lead as the world's busiest airport, dwarfing its closest rivals London Heathrow (65 million), Paris Charles De Gaulle (56 million) and Hong Kong's Chek Lap Kok (53 million).
February 28, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
As the Middle East witnesses something of a resurgence in activity levels, Grant Murgatroyd speaks to local lawyers about how the market has been reshaped by a period of retrenchment
Dubai’s detractors have had a field day in recent years. The wise man, they pointed out, did not build his house upon the sand. From its heyday in the 2000s, doomsayers forecast the city would collapse and be swallowed up by the desert.
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