Dubai : A Dubai Chamber of Commerce and Industry analysis of the Dubai Government's 2010 budget indicates that the budget attempts to balance growth with economic welfare and reflects the emirate's determination to push ahead with fiscal spending.
Hamad Bu Amim, director-general of the Dubai Chamber, said: "This balance will send a strong message to the business community about the seriousness of the government to push ahead with a rational budget in 2010 and ensure that the economy is on a long-standing stable growth trajectory.
"The budget is more likely to boost investor confidence on the back of the Government's handling of the adverse situation and in providing a timely stimulus to the overall economy of the emirate which is looking forward to a better trading year."
Meanwhile, the chief executive of Deloitte, Jim Quigley, said he is upbeat about Dubai and the Gulf's econ-omic prospects despite the emirate's debt troubles, as the accounting firm seeks to double its headcount in the Middle East.
"If in fact the infrastructure is in place here — and I think it is uniquely in place here — then I think you have to be bullish on Dubai with a long view," Quigley said.
