Table of contents:
- Far from civilization
- Black gold - the beginning of development
- 1. Financial oasis
- 2. Tourist gem
- 3. The state is the main businessman
- 4. "Star" events
- 5. Development of aviation
Video: Dubai: 5 Secrets to City Prosperity
2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55
Looking at Dubai, it is hard to believe that literally 50 years ago there was a small town and endless desert in its place. Today Dubai is an economic, tourist and commercial center, home to the richest people in the world. Someone thinks that the miracle happened thanks to oil, but this is only part of the story.
In this article, we will tell you how a paradise on the sand was built from a fishing village.
Far from civilization
The first mention of Dubai dates back to 1799. Then 1200 people lived in it. In 1833, the city came under the leadership of the Al Maktoum dynasty, which rules to this day. Dubai lived off the pearl industry and gradually entered the international market. In 1894, the city authorities exempted foreigners from taxes. Many workers from Pakistan and India appeared in Dubai, who expanded the city's trade links.
After 50 years, the city's economic position was in jeopardy. The Japanese created artificial pearls, so fishing for the real has become less relevant. However, in 1966, a miracle happened: oil fields were discovered on the territory of the city.
Black gold - the beginning of development
Oil has brought decent capital to the treasury of Dubai. Sheikh Rashid took up the construction of urban infrastructure. There were created: a transport interchange - the port of Rashid, the World Trade Center, the largest dry dock, the Jebel Ali artificial harbor.
In 1971, Dubai became part of the new independent state - the United Arab Emirates. The Sheikh understood that sooner or later the oil would run out, so it was necessary to look for other options for the development of the city. In 1995, Mohammed bin Rashid Al Maktoum became the Emir of Dubai. He announced an ambitious plan for the prosperity of the region and said it was time to attract global investment. It was hard to believe then, but now the experience of Dubai can only be envied.
1. Financial oasis
The Dubai authorities have offered foreign investors the most favorable conditions:
- exemption from taxes on assets and profits. The only exception was oil and banking businesses, where corporate income tax was required;
- the ability to register a business even with a tourist visa;
- Dubai Internet City - a free economic zone and strategic base for firms focused on the Dubai market;
- construction of an international-class hotel in the form of a Burj al Arab sail and expansion of the airport to 15 million tourists a year.
2. Tourist gem
Tourism was chosen as the second direction of development. After Burj al Arab, they began to build first-class hotels on the seaside with excellent service and facilities. The authorities have introduced a ban on drinking alcohol in public places so that tourists can only buy alcohol in restaurants or Duty Free. After the 70 km coastline ended, artificial islands began to be created in Dubai.
3. The state is the main businessman
At the moment, oil brings to the budget no more than 6%, and most of the revenues (74%) are replenished through government services. Among them:
- expensive visa;
- the share of the state in all projects and companies: hotels, shopping centers, cafes and restaurants, real estate, etc. Including foreign ones;
- strict but fair fines.
4. "Star" events
Every year in Dubai, prestigious sports competitions are held, which bring good profits. These include:
- the most expensive horse racing in the world - Dubai World Cup, where the prize fund is $ 4 million;
- one of the stages of the World Auto Racing Championship - Abu Dhabi Formula 1 Grand Prix;
- championships in golf, rugby, triathlon;
- original competitions like desert race, falconry and electric racing.
5. Development of aviation
Today, traffic at Dubai Airport reaches 57 million passengers a year. People from all over the world fly to the UAE or transfer to the next flights, for which the treasury receives income. Dubai is famous for its airshows and the Emirates airline, which offers the most comfortable flight conditions anywhere in the world.
Recommended:
Choquequirao: the secrets of the lost city of the Incas
There are two lost cities of the Incas in Peru: Machu Picchu and Choquequirao. If the whole world knows about the first settlement of the ancient tribe, then the "Golden Cradle" is not so popular. Although it was this city that at one time was a shelter for those who organized resistance to the Spanish conquerors
Secrets of Dubai's economic miracle over the past 50 years
Despite the fact that the history of Dubai is more than 5 thousand years old, but over the past half century, from a poor settlement, it has turned into an ultra-modern metropolis. Those who think that the once tiny fishing village achieved its financial health thanks to the discovered oil are deeply mistaken. If black gold became a good impetus for the start of development, but the secrets of such a rapid economic miracle lie in something completely different
The dark side of Hong Kong's prosperity
Hong Kong is a metropolis located on the warm shores of the South China Sea. Now it is one of the largest financial centers and transport hubs in the world
Where is the city from? Part 7. Antediluvian city, or why the first floors in the ground?
Continuation of the author's article under the nickname ZigZag. In this part, we will focus on the first and basement floors of the city on the Neva, which at first glance do not arouse suspicion. However, upon closer inspection, numerous oddities with this approach in construction are revealed
The secret of the prosperity of "Lipetsk Holland"
The correspondent of the "Russian Planet" visited the village, recognized as one of the most beautiful and comfortable in Russia "Berendeevo Tsarstvo", "Lipetsk Holland", "Lipetsk Switzerland", "forest pearl" - whatever they call the village of Preobrazhenovka. That allowed the previously unpromising settlement to enter the association "The most beautiful villages of Russia" and four times in a row to become the winner of the Ministry of Regional Development competition "The most comfortable settlement", the correspondent of the Republic of Poland found out