HSBC says largest Gulf cities must prioritise sustainable innovation, empower human capital, and support new flows of trade

Over nearly eight years - the driverless carriage had carried 1.03 billion passengers.

Sheikh Rashid bin Saeed Al Maktoum, the father of Sheikh Mohammed, the current Ruler of Dubai and Vice President of the UAE, understood the transience of the wealth gained from oil.

Sheikh Rashid’s famous quote – “My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel” – reflected his concern that Dubai’s oil would run out within a few generations – and that there would be little to show if the oil revenue was not invested wisely.