Monday, January 12, 2015
Competition for regional hub status in the Gulf.
Over the past decade, the cities of Abu Dhabi, Dubai, and Doha have invested heavily in efforts to position themselves as regional hubs in a globalised world. 'Mega-project' developments in sectors ranging from aviation and petrochemicals to finance and real estate have integrated Gulf cities into contemporary global networks. Competitive rivalries nevertheless raise concerns about overstretch and oversupply, and the recent falls in international oil prices also cast doubt over planned future projects.