The success of any business venture depends on the environment it is nurtured in. The more favorable the factors, the better are the prospects for any project to survive and thrive. Dubai is free to a great extent from the depressing economic factors that haunt the other nations. Rich in oil, the area is a tempting free zone for business with such incentives as favorable taxation and a regulatory system conducive to rapid growth. The environmental legislation in the country is complementary to and not restrictive for the flourishing of the construction industry for sustainable development as is the vision of Al Nakheel Blue Communities.
Here is a political system that endures for a lifetime with long enough timeframe to convert a vision into reality. Political upheaval, a great destabilizing factor in other countries and impediment to economic growth, is almost absent here due to the government being run by a federal presidential monarchy. In the UAE, the rulers do not have to act with the motive of reelection but can work for long term goals under a stable regulatory framework and environmental standards.
Nakheel being a state-owned developer has to integrate its Blue Project objectives with the vision of the government to which it is directly accountable. The Blue Project thus has to be environmentally durable and it is so delivering true to its commitment to the sustainable development of the waterfront. Dubai’ s legislative framework with the objective of creating a foundation for the future can make the Blue Project successfully happen. Al Nakheel Blue Communities have been working on an ambitious sustainability agenda. The agenda is driven by the continuous evolution of environmental strategies to make their Blue Projects more marine environment-friendly.
The Strategic Management of Marine Ecosystem in Nakheel Projects was launched in December 2006. In March 2008, a specialized marine biology laboratory was opened by the company which is now working as part of the U. N.
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