Word: worldly
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...deep pockets of the Qatari government, Lamb has more space in the college's new building than he knows how to use. "It's an administrator's dream," he says. Or ask Oliver Watson, director of Doha's new Museum of Islamic Art. Unlike most museum heads around the world, Watson hasn't had to ask for a penny to build or run the magnificent I.M. Pei-designed museum on Doha's waterfront. "We haven't felt the financial crisis at all," he says. (Read: "More Than a Mall: Inside Dubai's Growing Art Scene...
...wealthier than Dubai thanks to much bigger oil and gas deposits - have emerged from the financial crisis in better shape than their badly bruised neighbor. The gulf region is poised not only to recover from the global slump this year, but could become the second most important center of world economic growth after the economies of east and south Asia, according to John Sfakianakis, chief economist for Banque Saudi Fransi in Riyadh and Crédit Agricole in Paris. "The world has always been too focused on Dubai, but Dubai is not the GCC," he says, referring to the Gulf...
...helps that Qatar sits on a massive natural gas field. The country is the world's third largest producer of natural gas, behind Russia and Iran and, with a population of just 1.5 million, has one of the highest per capita incomes in the world. That wealth has allowed Qatar's rulers to chart a pragmatic and flexible foreign policy that has them making friendly with Iran and Syria while hosting American military forces. Now the country wants to become a regional cultural and media hub. Last year Qatar hosted a version of the Tribeca Film Festival, while private investors...
...trying to become the next Dubai. Emir Hamad bin Khalifa al-Thani, Qatar's ruler, doesn't want to make his country a global capital, so much as use his nation's gas resources to move what was once a tribal, Bedouin society into the modern world with Muslim culture and values intact. Qatar, say state officials, will never try to do the kind of high-volume business that put Dubai on the map but also made it so vulnerable to a speculative bubble. "Dubai is all about numbers and bringing in huge infrastructure projects," says Stuart Pearce, head...
...then there's Abu Dhabi, capital of the United Arab Emirates. Dubai's staid big brother has re-exerted political and financial control over its profligate sibling, mostly because it has an interest in Dubai's success. Dubai's port and airport are among the largest in the world, and serve the UAE's economic needs without Abu Dhabi - a 45-minute drive away - having to expand its own infrastructure...