UAE population to oil prices
#16
Re: UAE population to oil prices
As much as I am pained to say it, I agree with Iggles.
Dubai's economy is largely (but not fully) consumer based - consumption requires people. People come due to the money. The money comes from the oil eventually.
Dubai's economy is largely (but not fully) consumer based - consumption requires people. People come due to the money. The money comes from the oil eventually.
#17
Re: UAE population to oil prices
Not rude, just factual and that's quite preposterous coming from you with your persistent childish and misogynistic comments and fictitious claims.
You know so very little, far less than your ego will admit, and the posters on this forum are laughing at you (not with you) every day.
You know so very little, far less than your ego will admit, and the posters on this forum are laughing at you (not with you) every day.
I'm not hopeful, so much so I'm heading to the States with a Trump Presidency in the New year.
#18
Re: UAE population to oil prices
Of course, those that were here when it happened will know that the population in the cities did decline. So, either the numbers are questionable, or there was a shift in mix of the people. i.e. from expensive to cheap. I believe the latter - as this is what I saw in Ghetto de la Ranches when all the Europeans left only to be replaced by middle income Arabs.
You don't want cities full of paupers - they don't spend, they send money home and they break your infrastructure in the process.
#19
Re: UAE population to oil prices
I have been trying to think about this one too - no dips in population growth (although a massive drop in the growth rate) when the oil priced dropped.
Of course, those that were here when it happened will know that the population in the cities did decline. So, either the numbers are questionable, or there was a shift in mix of the people. i.e. from expensive to cheap. I believe the latter - as this is what I saw in Ghetto de la Ranches when all the Europeans left only to be replaced by middle income Arabs.
You don't want cities full of paupers - they don't spend, they send money home and they break your infrastructure in the process.
Of course, those that were here when it happened will know that the population in the cities did decline. So, either the numbers are questionable, or there was a shift in mix of the people. i.e. from expensive to cheap. I believe the latter - as this is what I saw in Ghetto de la Ranches when all the Europeans left only to be replaced by middle income Arabs.
You don't want cities full of paupers - they don't spend, they send money home and they break your infrastructure in the process.
All that is left is the sub continent and arabs who work for a quarter of what the decent Brits do.
#20
Re: UAE population to oil prices
I have been trying to think about this one too - no dips in population growth (although a massive drop in the growth rate) when the oil priced dropped.
Of course, those that were here when it happened will know that the population in the cities did decline. So, either the numbers are questionable, or there was a shift in mix of the people. i.e. from expensive to cheap. I believe the latter - as this is what I saw in Ghetto de la Ranches when all the Europeans left only to be replaced by middle income Arabs.
You don't want cities full of paupers - they don't spend, they send money home and they break your infrastructure in the process.
Of course, those that were here when it happened will know that the population in the cities did decline. So, either the numbers are questionable, or there was a shift in mix of the people. i.e. from expensive to cheap. I believe the latter - as this is what I saw in Ghetto de la Ranches when all the Europeans left only to be replaced by middle income Arabs.
You don't want cities full of paupers - they don't spend, they send money home and they break your infrastructure in the process.
And on top of that some western guys are killing those of us already here by accepting packages way below market rate.
#21
BE Forum Addict
Joined: Jan 2015
Posts: 3,520
Re: UAE population to oil prices
The place is still packed with British expats....
I am not a Dubai booster (far from it) but working in AD and travelling frequently to Doha, I can't help but observe how much more construction there seems to be in Dubai at the moment. Plus tendering for large scale infrastructure to support the expo 2020, including a very expensive extension of the metro.
From a tendering and government contracting perspective, AD is dead. Doha is very quiet. Dubai seems to have a bit more life - either the government is in denial or they're building everything on debt (likely a combination of the two).
The economy in the UAE and especially Dubai is much more diverse than the rest of the gulf. The free zones have exploded. Jebel Ali is almost down to the AD border now. Emirates and logistics are bigger than ever. It's still the finance centre for the region. So who knows.
And whoever believes the UAE authorities when it comes to population statistics?
I am not a Dubai booster (far from it) but working in AD and travelling frequently to Doha, I can't help but observe how much more construction there seems to be in Dubai at the moment. Plus tendering for large scale infrastructure to support the expo 2020, including a very expensive extension of the metro.
From a tendering and government contracting perspective, AD is dead. Doha is very quiet. Dubai seems to have a bit more life - either the government is in denial or they're building everything on debt (likely a combination of the two).
The economy in the UAE and especially Dubai is much more diverse than the rest of the gulf. The free zones have exploded. Jebel Ali is almost down to the AD border now. Emirates and logistics are bigger than ever. It's still the finance centre for the region. So who knows.
And whoever believes the UAE authorities when it comes to population statistics?
#22
BE Forum Addict
Joined: Jan 2015
Posts: 3,520
Re: UAE population to oil prices
As someone working at a multinational a/e/c firm there's definitely pressure to replace westerners with cheaper candidates, not because we want to but because government tendering is now very cost conscious and the only way to remain competitive is to replace higher cost westerners with lower cost Asians and Middle Easterners.
AD government tender scoring is now 50% technical and 50% pricing!
The longer this trend goes on you might see the big firms start reducing their footprint in the region. The bigwigs in my firm in the US and UK are increasingly unhappy with lower margins versus the risk, delayed payment and the hassles of finding cheaper staff while trying to maintain a high level of quality in the output.
AD government tender scoring is now 50% technical and 50% pricing!
The longer this trend goes on you might see the big firms start reducing their footprint in the region. The bigwigs in my firm in the US and UK are increasingly unhappy with lower margins versus the risk, delayed payment and the hassles of finding cheaper staff while trying to maintain a high level of quality in the output.
It's probably a combination, but there has definitely been a change in the type of people coming into Dubai over the last couple of years. I'm sure there was a similar thread about 6 months ago. Fire the western guy and hire someone with half the experience for 25% of the cost..
And on top of that some western guys are killing those of us already here by accepting packages way below market rate.
And on top of that some western guys are killing those of us already here by accepting packages way below market rate.
#23
Re: UAE population to oil prices
The place is still packed with British expats....
I am not a Dubai booster (far from it) but working in AD and travelling frequently to Doha, I can't help but observe how much more construction there seems to be in Dubai at the moment. Plus tendering for large scale infrastructure to support the expo 2020, including a very expensive extension of the metro.
From a tendering and government contracting perspective, AD is dead. Doha is very quiet. Dubai seems to have a bit more life - either the government is in denial or they're building everything on debt (likely a combination of the two).
The economy in the UAE and especially Dubai is much more diverse than the rest of the gulf. The free zones have exploded. Jebel Ali is almost down to the AD border now. Emirates and logistics are bigger than ever. It's still the finance centre for the region. So who knows.
And whoever believes the UAE authorities when it comes to population statistics?
I am not a Dubai booster (far from it) but working in AD and travelling frequently to Doha, I can't help but observe how much more construction there seems to be in Dubai at the moment. Plus tendering for large scale infrastructure to support the expo 2020, including a very expensive extension of the metro.
From a tendering and government contracting perspective, AD is dead. Doha is very quiet. Dubai seems to have a bit more life - either the government is in denial or they're building everything on debt (likely a combination of the two).
The economy in the UAE and especially Dubai is much more diverse than the rest of the gulf. The free zones have exploded. Jebel Ali is almost down to the AD border now. Emirates and logistics are bigger than ever. It's still the finance centre for the region. So who knows.
And whoever believes the UAE authorities when it comes to population statistics?
#28
Re: UAE population to oil prices
Over time, the percentage of the economy which is dependent on oil has progressively declined, and will continue to do so. But the question I would ask now, in 2016, is how much of the population is dependent on construction? because it seems to me that a sizeable number of people are construction works, who will all be sent home when the construction boom ends.
#29
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
#30
Banned
Joined: Oct 2015
Location: Luton
Posts: 1,162
Re: UAE population to oil prices
Over time, the percentage of the economy which is dependent on oil has progressively declined, and will continue to do so. But the question I would ask now, in 2016, is how much of the population is dependent on construction? because it seems to me that a sizeable number of people are construction works, who will all be sent home when the construction boom ends.
And I Totally agree with you.
If it helps Hong Kong is having a construction boom, thats now firmly on my radar.