The Catalytic Oil

The discovery of Oil in 1966 that provided the basis for the development of massive urban landscapes within Dubai. The rulers of dune buggy rental dubai made use of the revenue from Oil to finance infrastructure development since they realized that they could not create a prosperous economy on their limited oil reserves. Therefore, they chose diversification and the success of their choice can be measured by the reality that Oil currently contributes less that 3percent of Dubai's growing economy.

Dubai The most favored Gateway to the Middle East

To diversify, the leaders of the Emirate took the decision to make use of its strategic location. they created world's largest man-made harbor Jebel Ali, which was completed in 1979. They followed it up by creating Jebel Ali Free Zone in 1985, and then in the following years Dubai stormed into the same league as Singapore in addition to Hong Kong as a Re-export centre. This, combined with the modern civil laws in an extremely basic Middle East made Dubai an ideal location for multinational companies to establish warehouses and offices.

Dubai A Business Magnet

Rulers of Dubai desired to create Dubai a trade hub for the entire Middle East and it perpetuated the need to invest resources in creating facilities, infrastructure, and legislation that was able to attract any company with business interest from the area to Dubai. It was with this vision, the World Trade Centers were built in Dubai in 1979 and the same ambition is epitomized in establishment of facilities such as Dubai International Financial Center (DIFC), Dubai Internet City, Dubai Investment Park and Dubai World Center as well as other.

Dubai is a Leisure and Tourism Hub

Dubai is generally devoid of any natural scenery that is suitable to draw visitors from all over the of globes. However, they invented it and fabricated it with a way in which Dubai has attracted around 13.2 million visitors in 2014 alone. This it did due to two motives. First, Dubai is the third-highest connected airport in the entire world due to it's state-owned airlines Emirates and secondly the marbles in its architectural design are unique to Dubai. It could be the world's biggest indoor ski resort in Mall of Emirates or world's highest building Burj Khalifa, Dubai has everything to make it a great tourist destination.

The Building of a Knowledge-Based Economy

But Dubai isn't content with the current situation, and, as suggested by specialists in this field, Dubai is aligning to transform into a knowledge-based economic system to sustain economic growth for a long term. Based on this plan they have built facilities such as Dubai Internet City, Dubai Media City and Dubai Knowledge Village. The purpose of these facilities is to capitalize on the growth opportunities offered by Information and Communication Technology which has already helped boost the economies of several other nations. Dubai Internet City which has been home to world-class companies such as LinkedIn and Facebook and Twitter, is also looking to become an incubator for small entrepreneurs offering services like software solutions, web development mobile app developers, etc.