In the mid-1990s, Dubai became the centre of the universe, the new global financial hub and construction boomed. At one time, it was estimated that a quarter of the world’s cranes were parked in the city.
Despite the global recession, confidence remains high in Dubai. There are grand development plans including a new ‘city’, hotel occupancy increased 82% year-on-year to June 2012 and there was an increase in foreign visitors of 10% over the same period.
This latest growth heralds a different way of thinking about sustainable development. In January this year Abu Dhabi hosted Sustainability Week 2013. Attended by more than 30,000 delegates from 150 companies, the summit explored how progress can be made whilst ensuring everyone has a decent standard of living, but without compromising the needs of future generations.
Across the developed world, business leaders are slowly grasping the conundrum of the ‘new nexus’: treating food, water and energy as a combined entity rather than in three separate silos.Corporate Culture