
Why The Gulf States Need To Keep Building Big Dumb Mega Projects
Economics Explained
00:00
Cheap Labor Is a Great Source of Cheap Labor in the UAE
Businesses need to see that they can make money first before low tax rates mean anything. Building something like the Palm Jumira took the cooperation of hundreds of companies and millions of workers. Once big businesses get established smaller service businesses can form around them. We only need to look to places like Singapore and formerly Hong Kong to see that just being a good place to do business can be very lucrative. The UAE, Saudi Arabia and Qatar are on the Economics Explained National Leaderboard.
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