The Financial Challenge
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"Dubai has succeeded in building a business friendly environment to meet investor needs and requirements, such as full exemption from income and corporation taxes, high-tech facilities and infrastructure and a dynamic real estate market with family orientated conveniences.
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"Dubai’s success is an extension of Abu Dhabi’s success and vice-versa. The same dynamic applies to the other emirates; Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. The union of these seven emirates represents an unshakable force and an impregnable fortress that cannot be weakened by challenges. This union is the source of all our confidence and our strength.
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"“Financial and economic crises are but to try us, though crises beget creativity and smart initiatives.”
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"My confidence is in Dubai's ability to restore its strong growth rates in the not too distant future; this is based on the philosophy and legacy of my inherited Bedouin origins.
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"Our strategy is to start where others finished, and we are keen to shape our development model to guarantee that we able to face future obstacles in a flexible and effective manner. Our model prioritizes our human resources and places people at top of our agenda.
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"The economic slowdown has given us time to pause, contemplate and study the things around us.
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"Those who believed that Dubai’s economy and success were based solely on the real estate sector were pointedly wrong.
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"We don’t deny that the financial crisis put us in a state of silence. We don’t refute that an information vacuum followed. We are fully aware that this created a fertile environment for rumors to thrive. I say now that we must not allow this to happen again in the future.
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