Dubai: a Radiant Trading Center in the Middle East

History: Pearl Black Gold trading of skyscrapers

Dubai has served as an important port for the Gulf region by age with the trade, especially trade Perle as a pillar of life for a significant part of its history. A turning point in the history of the town was settlement of members of the Bani Yas tribe, led by the Makhtoum family in 1833 is considered the foundation of Dubai considered. In order to strengthen the position of Dubai as a trading port continues, the ruler of Dubai, that Freeport in the early 20th century.

After a few decades after the fall of the pearl trade in 1930, it was a different product, the black gold that has transformed the face of Dubai. Oil was discovered in the black gold in Dubai in 1966 and the flow of income from the oil-rhythm infrastructure development in Dubai. In 1971, Dubai, formatting along with five other sheikhdoms and became part of the United Arab Emirates (UAE).

Not go Dubai rosy relationship with oil on and on and in 1980, revenues from oil fell to a record low. This required a strategic shift in the economy of Dubai. Ruler of Dubai has decided the strategic advantage they already use and begin to build the infrastructure to get back to promote as a trading center and as a business and tourism center Dubai ,.

This is the way to Dubai, as we know it today, was born.

Economy: Diversity execution

The rulers of Dubai have always been aware that they can not build a sustainable economy based on its limited oil reserves. Consequently, they began sensibly diversify their economies. Today the largest contribution to GDP of Dubai is "wholesale, retail and repair services" at 27.2%, followed by "Transport and communication" at 15.8%. "Manufacturing", "real estate and business services" and collect more than 25% of gross domestic product of Dubai.

Today Dubai is a top shopping destination where people, including celebrities from around the world come together to buy their favorite brands. In addition to shopping malls, Dubai is a tourist attraction for its theme parks, real estate projects such as Palm Iceland project and iconic buildings such as the Burj Dubai, the tallest man-made structure in the world.

Geography: The city extended

Dubai is located on the Persian Gulf and is the second largest emirate of Abu Dhabi. As like other deserts of the Middle East, Dubai arid with daytime temperature reaches 400C in the scorching midsummer. Winters are reduced even more comfortable with an average daily temperature of 250C, which 12-150C in coastal areas.

A particular geographic aspect of Dubai that the city creates new architectural wonder for its expansion in both the Persian Gulf and the desert.

Companies in Dubai: the commercial capital of the Middle East

Laws and Taxes liberals, great infrastructure and connectivity with the world created a favorable environment for talented professionals and large companies come from different countries and working in Dubai. That is the scale of immigration in Dubai that the majority of the population is an emigrant. The divisions booming Dubai are today:

I) tourism industry: This industry directly or indirectly, likely to receive almost 9% of the total population of Dubai and will in the future due to the growing popularity of Dubai as a tourist destination.

ii) property and infrastructure: real estate in Dubai is booming announced regularly with new projects. The government is also considerable spending on infrastructure to sustain its booming economy.

iii) retail sector: As mentioned above, this sector contributes more than any other sector in the GDP of Dubai and is growing up in the future greatly, with increased output, more influx of multinationals in Dubai Tourist purchase.

iv) the financial and banking sector: Better integration of Dubai with the rest of the world and its excellent infrastructure has global majors tightened in the areas of banking and financial services to operate from Dubai.

v) the IT industry: Dubai Internet City (DIC) is the largest ICT hub in the Middle East and North Africa. It is a home for many software companies. It has also provide a brilliant web design industry with renowned experts