Dubai has a resilient and diversified economy that will thrive in post Covid-19 era due to its vibrant and visionary leadership who announced stimulus plans worth billions of dirhams and timely remedy measures to bailout businesses in the emirate, an industry veteran has said.
Shailesh Dash, an entrepreneur, financier and founder of various successive businesses, said Dubai once gain takes the lead by100 per cent re-opening of malls and offices in public and private sectors after successful tackling of coronavirus outbreak, although the world is struggling to overcome the challenge.
The visionary and futurist executive said only resilient businesses can sail through this rough ride by quickly adapting to new ground realities in the wake of travel restrictions, remote working, economic slowdown and uncertain economic outlook.
“Covid-19 crisis has certainly hit world economy and created many unanticipated challenges for businesses. But, at the same time it offers an opportunity to come out of the crisis with a committed workforce and dynamic leadership to drive business activity at full speed in post-crisis period,” he said.
"This emergence is due to the vision of its leaders which had led to UAE to be among the top 5 countries in the world to live and do business. It was exactly because of these reasons that me and family decided to move to UAE and start our businesses here,” the award-winning visionary entrepreneur said.
Dash, who is member of several boards of leading international and multinational brands, said the governments across the world should take precautions rather than stop the wheel of economy.
“By opening its economy 100 per cent, Dubai has shown the way to rest of the world that how to tackle the challenge in minimum possible time. We look forward to the medical industry finding a solution but at the same time we have to be careful that the economy doesn’t close down and that people have enough to survive,” he said.
“I would like to make clear that in the global environment that exists there are concerns at all levels internationally, be it economic, geopolitical issues, climate change or technology transitions and regulatory frameworks. However, the UAE and Dubai have emerged very rapidly as one of the most important economic and financial hubs in the entire Middle East with global recognition.
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