Sheikh Mohammed Says the Whole UAE is Back

In a Bloomberg Television interview in Kentucky after the UAE team had won gold medal in the team equestrian 12 hour, 160 kilometre endurance race, His Highness Sheikh Mohammed Bin Rashid Al Maktoum spoke of the economic recovery and put Dubai in the context of the entire United Arab Emirates.

Recession
On the recession the Ruler of Dubai said:

“We take it as a challenge! Life would be boring if there was no challenge.”

Vision
The Sheikh did not speak of a changed vision but admitted some of the big projects might take six months to one year longer than their estimated completion date.

Lessons for Crown Prince
His Highness Sheikh Hamdan bin Mohammed al Maktoum, who also was an integral part of the equestrian endurance race was asked what it had been like to watch the recession affecting Dubai and what he had learned.

Sheikh Hamdan replied:
“I think it’s a great opportunity to sit with my father and see the decisions that he takes in this difficult time. It helps me a lot for the future and I think it is important for me.”

Hands-On Prince
His father added, “We work together…and he knew what I was going to do because he’s the Crown Prince. He has to be hands-on.”

Financial Capital Between East and West?
When asked whether his vision for Dubai was for Dubai to be a financial capital of the Middle East and a financial transition point between East and West Sheikh Mohammed replied:

“When I talk about Dubai I talk about the whole UAE. The whole UAE is the country.”

Link
Margaret Brennan and Zahra Hankir, Dubai Ruler Says ‘We Are Back’ After Debt Accord, Bloomberg, 27 September 2010.

Watch Video
Interview with HH Sheikh Mohammed and HH Sheikh Hamdan, Bloomberg Television, 27 September 2010.

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Geoff Pound

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Image: His Highness Sheikh Mohammed bin Rashid Al Maktoum crosses the finishing line in second place riding Ciel Oriental in the Endurance Championship during the World Equestrian Games in Lexington, Kentucky. (Photo courtesy of EPA)