Trade, tourism fuelling Dubai's emergence as a global hub

Dubai is emerging as the global hub of choice for trade and business. That’s the message from property consultants Knight Frank who say Dubai’s transport infrastructure is better than anywhere else in the world. Growth in financial and business services, trade and logistics and tourism have contributed to Dubai's hub status, the report said. They say that’s leading to faster growth in manufacturing, exports and rents than other major ports like Singapore and Hong Kong. And the forecast is good as well – with the economy set to grow at 3.6% till 2020, Dubai will be able to consolidate its strategic position between East and West.