The emirate is also aware that the impacted global trade flows and tourism traffic means it has to create a more resilient and sustainable economy that is in harmony with the land, sea and sky.
Dubai is already known for its entrepreneurial culture and openness to new global residents, which is set to attract a new generation of thinkers, professionals and visionaries to the economy. A recent law allows foreign investors to hold 100% ownership in local UAE companies and Dubai needs to build on these advantages, reform regulations and develop more affordable business policies that nurture innovation and growth.
In this respect, the DIFC could emerge as an important facilitator connecting the global finance community to the Dubai economy. The city could emerge as a blended financial capital of the world with specialisation in export credit agency support, public-private partnership and blended finance models, and international co-investment.
Dubai is also among the leading drivers of renewable energy in the region and plans to produce 75% of its energy requirements from clean sources by 2050 – the most ambitious target among GCC states.
The circular economy
The focus on sustainable resources indicates a desire to return to its heritage, and with nature create sustainable experience revolving around the sun, desert and the sea.
In many ways, this is a new cycle of reinvention for Dubai. The first was focused on its nomadic tradition, the second on pearling and fishing, the third on port and trade, and the fourth expanded it to include travel, tourism, finance and now space exploration.
The fifth new cycle of reinvention will focus on its workforce, sector convergence around the circular economy, as well as technology, health and, yes, pursuit of happiness.
Dynamism, strength, vision and the ability to bring vibrancy to everyday mundane objects challenging the viewer to question his perspective of the ordinary are key themes in Ramy's work. Arguably the best graffiti artist of UAE, he has thrown new light on the art of graffiti and has been a key player in changing people's opinion of this art form in the region.
Ramy holds a Degree of Honor in Bachelor of Fine Arts with Excellence from the University of Halwan, Egypt. Currently residing in Dubai and his murals can be found all over the UAE.