James Ashton: Human capital could be Dubai’s next challenge
“Do you like cricket?” the Pakistani taxi driver asked as he drove us out to The Atlantis hotel, a pink confection on the tip of The Palm that features an ATM dispensing gold in a Rodeo Drive-style shopping arcade. “You look like a bowler.”
Appearances can clearly be deceiving, especially as the same cabbie dismissed the local Emiratis for wiling away their days by only sleeping and eating.
The truth is, even if the locals were working all the hours available, the huge economic boom in Dubai couldn't be sustained without a massive influx of workers. Even if the oil ran dry, there would still be billions to invest. So far the mix of sultry weather and tax-free earnings have proved unbeatable in luring thousands of people to the region to put that money to work in tourism and trade.
It sounds like a sandier version of the American dream, but not everyone is making a fortune. Just don't mention the planeloads of Ethiopian women being flown one way to become housemaids and nannies, leaving their own families at home.
With Dubai's scale of ambition showing no let up, I wonder if the next big challenge may be human capital, not simply capital.
- 1 Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
- 2 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 3 Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
- 4 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
- 5 New Tricks: Dennis Waterman to leave the show after a decade of crime-solving
Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Ice Bucket Challenge: US firefighter Tony Grider dies after participating in charity craze near power lines
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Archbishop of Canterbury admits doubts about existence of God
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...