Introduction
Whenever someone says dubai , first thing comes to our mind is burj khalifa ,
Even today 99.9% of people believes that dubai is richer only because of oil ,
But what many of us don't know is dubai’s oil economy is less than 1%
Then question pops in everyone's mind is
How desert land dubai is so rich and from where dubai earns money ?
For next 2 minutes im going to tell you shocking facts of dubai and its model of development
Stay tuned and Read full articel
- Lets start from dubai which is one of the seven states in uae , even tho its one country with same currency , every state has different government and local ruler
- From man made islands to 7star hotels and world's tallest buildings to police usings costliest cars like lamborghini , from last 25 years development of dubai is unimaginable
- Reason for development is not just oil , but trade tourism and finance
- Ruler of dubai and vice-president bin rashid invested profits from oil and built dubai so beautifully which need no introduction , today dubai’s oil income is just 1% and 99% economy is from infrastructure , tourism, trade and finance
- For any country development , developing infrastructure is very important , keeping this in mind dubai ruler diverted profits from oil and invested in real estate ,
- Not only real estate but also he focused on sea ports and export hubs by making sea ports and warehouses a free economic zone
- And today dubai is importing goods from many countries and exporting to other country by making profits , and not to forget dubai is one of the largest export hub in world
- When it comes to ease of doing business, paper work , document verification, bank works , land permission and for all this things it takes almost 45 days to start business in india ,
- But when it comes to dubai , it just takes just 4-5 days,because of ease of doing business many fdi investors , invested in dubai and set up industrial parks and manufacturing sectors
- Dubai govt supported business to such an extent that there is no need to pay any tax for business , due to this reason , many companies from different part of world set up their headquarters and provide jobs
- Without second thought , anyone from different country can invest crores of money in dubai ,
- Today almost 20% of dubai’s gdp is from industry and business development
- And another major contribution is tourism , Yes , dubai is one of favorite tourism destination for tourists , Not just world tallest building , 7star hotels but also adventures , man made islands , under water parks , largest shopping malls and many other things which attracts tourists to relax and spend quality of time
- Dubai believes that , whatever they build should be best of everything in world ,To attract more tourist dubai is building 10 time larger theme park than disneyland which is called dubai land
- To attract larger tourism , dubai has built world class stadiums , even ipl2020 is hosted in dubai ,not just cricket but also dubai is hosting olympics in near future
- Today almost many celebrities and rich personalities own houses in dubai because its luxury and rich lifestyle ,
- And when we talk about employment , almost all dubai citizens are employed , and interesting thing is 80% of employers are from india, pakistan and bangladesh who work in factories and construction projects
- For any country development , resources are very important , but with barren desert land dubai proved that vision and will power is more important than resources to build and develop any city
- Just not only depending on oil , ruler of dubai transformed his dream into reality in just 25 years
That the end of short and simplified video of how dubai become so rich,
Kindly watch 3 minute Video to Know More about How Dubai Becames Rice ?
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