Today marks one month since returning from Columbia Business School’s inaugural Middle East trip, held in conjunction with the The Jerome A. Chazen Institute for Global Business and Paul Milstein Center for Real Estate at Columbia Business School . This incredible journey was centered around real estate – deeply aligned with my professional interests – but it extended far beyond just that.
Visiting the United Arab Emirates (Dubai, Abu Dhabi) and Saudi Arabia (Riyadh, AlUla) was a transformative experience that reshaped my perspectives on the region, its economic potential, and the vast cultural and developmental strides being made.
As I reflect on this eye-opening experience, three key insights stand out that I believe are worth sharing.
1. A region radiating optimism
Though we explored only a fraction of the MENA region, one sentiment stood out everywhere we went – optimism. While some narratives suggest parts of the region feel transient, I found that the perception is shifting. More than ever, people from all over the world are choosing to build their lives here. The energy was undeniable – seen in the towering cranes, the packed roads, and, most of all, in the passion behind every conversation. Growth isn’t just a vision; it’s happening in real time.
2. Where imagination fuels innovation
The scale and ambition of the projects emerging from this region were almost unimaginable until I saw them firsthand. While there are too many developments to name, one that left a lasting impression is Diriyah Gate Development Authority in Riyadh. As the birthplace of the Saudi state and home to At-Turaif, a UNESCO World Heritage site, Diriyah is more than a $50 billion development. It's a bridge between history and the future. Spanning 1,729 acres, it will feature museums, residences, retail, and over 30 luxury hotels, all as part of Saudi Arabia’s Vision 2030. Diriyah Gate is a statement to preserving heritage while shaping a globally connected future.
3. Access, opportunity, and impact
A peer put it best: “Several doors opened simply because we were a group from Columbia Business School.” I couldn’t agree more. CBS carries a powerful reputation – not just in the U.S., but around the world. This trip was a reminder that your platform matters – it shapes opportunities, fosters connections, and provides access that might otherwise be out of reach. I am grateful to be part of this community and the doors it continues to open!
It was a real treat to meet with Nuwa Capital, Brookfield Properties, Gerald Lawless, Investment Corporation of Dubai, Abu Dhabi Investment Council (ADIC), The Olayan Group, John W. Murphy and Diriyah Gate Development Authority, Tourism Development Fund ????? ??????? ???????, and other friends of the group as well.
Last but certainly not least, a big thank you to our fearless leaders Professor Lancaster Brian and Andrew Dickerman for leading this trip, along with several other committee members.