The extent of Dubai’s post-pandemic rebound was on display late last month. On the same day that Africa’s richest man unveiled plans to set up his family office there, Santander Group became the latest firm to bolster its wealth offering in the emirate.
But while an influx of expatriates chasing high-paying jobs is boosting the Middle Eastern business hub’s nearly $US115 billion ($170 billion) economy, it’s also exposing the limitations of Dubai’s infrastructure. The city is home to 3.8 million now, and that’s expected to surge to 5.8 million by 2040.
