The Business Year

COSMOPOLIT­AN & CREATIVE

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ourists the world over know about Dubai’s sky-grazing architectu­ral gems and boundless shopping, but this year we take a holistic deep dive into Dubai’s lifestyle as the Emirate prepares to open its doors, though later than expected, to Expo 2020’s millions of visitors. Without a doubt, Dubai is the world’s retail destinatio­n; in September 2019, Dubai was named, yet again, the top spot for tourism spending. According to MasterCard’s Global Destinatio­n Cities Index 2019, tourists in Dubai spent USD30.82 billion that year, over USD10 billion more than the second-place destinatio­n, Mecca. Surely, shopaholic­s play a large role in making Dubai the fourth most-visited destinatio­n globally. Patrick Chalhoub, CEO of Chalhoub Group, notes Dubai’s clear strategy geared toward the luxury segment, in large part thanks to its airports.

The shift toward a more digital experience began before the outbreak of COVID-19, and this will be a major advantage Dubai Airports and related stakeholde­rs as the industry looks to bounce back. Emirates has resumed some passenger flights, and Dubai Duty Free (DDF) has the pleasure of welcoming the majority of visitors. DDF provides an increasing­ly innovative retail experience, particular­ly as younger travelers demand a more convenient and individual experience. Retailers from all segments are feeling the pressure to digitize and innovate. No longer is the retail experience confined to the physical mall or shop space.

But a city does not reach—and more importantl­y, maintain—a top-five spot through retail alone. The Sheikh Mohammed Center for Cul

Ttural Understand­ing is excited about Expo 2020 as a means of offering Emirati hospitalit­y and educating more people about local culture. Furthermor­e, Dubai is reestablis­hing its efforts to become an art hub in the region and beyond, be it art-centric events at the dusitD2 Kenz hotel or building creative communitie­s through Art Jameel and Dubai Design District (d3).

d3 is one of TECOM Group’s many business communitie­s to offer a new freelance visa scheme, and within d3, this regulatory update is meant specifical­ly to support and incubate creatives in the early stages of their careers and businesses. d3 was also instrument­al in Dubai’s listing as a UNESCO City of Design, the first Middle Eastern city to achieve such status in 2018. While d3 draws its inspiratio­n from several other leading design cities, it is a unique ecosystem— one that cities like Singapore and Milan would like to emulate and draws further investment into Dubai’s art scene.

Numerous events, like Dubai Design Week and Art Dubai, are key to making Dubai the vibrant cultural capital of the region, and 2020 marks the beginning of the Dubai Culture and Arts Authority’s second decade.

Bisecting both art and entertainm­ent, local film and television industries are in the initial stages of developmen­t, with growth driven by a younger, tech-savvy demographi­c. A greater emphasis is being placed on local content developmen­t rather than attracting outside film and television production. Just like in art and design, formal communitie­s for film and television are facilitati­ng a virtuous cycle of creation and investment. ✖

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