Macys Spreads U.S. Retail Experience to Abu Dhabi

The speaker shares their experience in Abu Dhabi, highlighting the transition from US projects to international ventures. They discuss the unique retail operations in the UAE, emphasizing partnerships with family offices for brands like Macy's and Bloomingdale's. The shopping habits of wealthy families in oil-rich countries are explored, noting their frequent international travel and preference for convenience. The speaker addresses investment strategies, considering oil price fluctuations and geopolitical risks, while focusing on long-term planning. Finally, the growth of aviation and regional development in the UAE is discussed, highlighting the strategic importance of the region.

Discuss the importance of understanding local families when making business deals in the Middle East.

What are the long-term strategies mentioned for real estate projects in the UAE?