Title Title
D2883C97-8F7C-4E0E-A6BB-D48CC6EACDC5 Dubai vs Gwadar; the New World Economy War
Summary Summary
  Will the bright fairytale of Dubai continue to be true? The answer arises on the other side of Arabian-Persian Gulf.
Highlights Highlights
Content Content
  Major industrial infrastructure investments launched by the UAE government are expected to push expenditure, according to a report, published by the Dubai-based Arabic Language Al-Bayan newspaper, said that the Dubai economy will remain the least vulnerable to future economic crises due to the current investments made in the build-up to Expo 2020.
  Current real estate and tourism investments are also expected to further consolidate the economy as well as major infrastructure and developmental projects. With the UAE population of 3.1 million in 2017, an increased demand that further pushes the real estate market in Dubai and neighboring emirates.
  In anytime visit to Dubai; we could observe the continuous building process everywhere, a sign of the welfare, and bright future. This is not under the umbrella of economy alone, but in tourism, culture and so on. Majority of these projects are set for completion before 2020 – the year when Dubai will host Expo 2020.
  Some bright amazing headlines on the Museum of the Future, the Bluewater’s Island, Dubai Frame; where a giant rectangular frame to give visitors the best view of both old and new Dubai, Dubai Creek Harbor, Dubai Water Canal, Dubai theme parks, Deira Island, Aladdin City; a project inspired by the tales of Aladdin and Sindbad.
  [caption id="attachment_30687" align="aligncenter" width="620"]<img class="size-medium wp-image-30687" src="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2017/12/D2883C97-8F7C-4E0E-A6BB-D48CC6EACDC5-620x391.jpeg" alt="" width="620" height="391" /> The new Silk Road from China across Pakistan[/caption]
  Tariq al-Shammari; a writer in North Africa West Asia, says that “Many economic analysts believe that Gwadar is another Dubai emerging on the world’s map. The controversial issue here is that an economically powerful Gwadar threatens the strategic influence of Dubai in the region. This challenging point, recently, has caused a silent economic war in the Gulf of Oman between two groups of countries; Pakistan, China and Qatar on one side, India and the UAE on the other.”
  As Dubai’s main revenue comes from tourism, aviation, real estate, and financial services, thanks to its two major commercial ports; Port Rashid and Port Jebel Ali (the biggest man-made harbor in the world and the biggest Middle East port, a home to over 5,000 companies from 120 countries).
  However, al-Shammari says, “Gwadar port is a serious rival to Dubai, where its strategic location giving China and Central Asia access to the Gulf region and the Middle East. Gwadar port will become the main sea gate for Central Asia. It will also become easier to send products from Xinjiang (North-West of China) and central Asian countries to other regions”. The distance from Kashgar (China) to Gwadar (Pakistan) is 1500 miles, while it is 2500 miles to move across China to reach Shanghai, a further away to reach Europe, as cargo ships have to move double the distance, again, to reach the Middle East waters. “The corridor will help reduce transport time for goods from Gwadar port to western China and central Asian regions by about 60 or 70 per cent, “ as vice Premier of China Ms Liu Yandong said.
  The Gwadar Port is a new landmark in the Silk Road Economic Belt and the 21st-century Maritime Silk Road, better known as the One Belt and One Road Initiative (OBOR), The Belt and Road (B&amp;R) and The Belt and Road Initiative (BRI) is a development strategy proposed by China's paramount leader Xi Jinping that focuses on connectivity and cooperation.
  China took operational control of Gwadar, the deep-sea port built with financial and technical assistance from China on Pakistan's south-west coast, after the Port of Singapore Authority (PSA) has decided to pull out of a 40-year port management and development contract signed in 2007. Now China will also operate the port, which is strategically located close to the Pakistan-Iran border and the Strait of Hormuz in south-western Balochistan province. The Singaporean firm decided to quit the Gwadar project after Pakistan's government failed to transfer land needed to develop a free zone, as was promised under a 40-year concession deal signed in February 2007 during former president Pervez Musharraf's regime. Since its official opening in March 2007, the Gwadar port has been unable to become fully operational because of the unsettled issues between Islamabad and the PSA.
  The National UAE’s newspaper reported that “the Chinese operational control of the port will also enable the dragon to swim in the Indian Ocean, which is strategically important for China as it expands its influence across the region. To ensure the security of shipments along existing routes, a Chinese naval presence at Gwadar could also patrol the Indian Ocean sea lanes. What upsets Washington and New Delhi is the Chinese naval presence near the Strait of Hormuz and its strategy of building a "string of pearls" presence on the Indian Ocean rim”.
  The infrastructure of Gwadar is developed to sustain heavy developments in near future. A good infrastructure speaks volume about things to come. GDA (Gwadar Development Authority) is working on development of residential and commercial areas with the increase in port activity, a lot of people will move to Gwadar looking for new economic opportunities. This in turn will increase demand of the real estate in Gwadar: Residential Societies, Marine Drive Commercial and Open Land. They will have their own Burj in Gwadar, and even a Greek City! With a glance, you could see projects mirrored to what Dubai owns!
&nbsp The New World Economy War between Dubai and Gwadar; is giving the region more oil on its continuous fires, another threat to shake peace in Asia.
Categories Categories
  General
Article type Article type
  report
Tags Tags
  China, Dubai, Economy, India, One Road One Belt, Pakistan, the Silk Road, UAE, USA
Author byline Author byline
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Featured Image URL Featured Image URL
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Sources Sources

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