catalytic oil
It was the discovery of oil in 1966 that fueled the large-scale urban landscape development in Dubai. Dubai’s rulers used oil revenues for infrastructure development because they knew they couldn’t build a thriving economy with their limited oil reserves. So they chose to diversify, and the success of their decision can be measured by the fact that oil now contributes less than 3% of Dubai’s booming economy.
Dubai: the preferred gateway to the Middle East
To diversify, the Emirate’s leaders decided to take advantage of its strategic location and created the world’s largest man-made port, Jebel Ali, which was completed in 1979. They went on to create the Jebel Ali Free Zone in 1985, and in subsequent years, Dubai. broke into the league of Singapore and Hong Kong as a re-export hub. This, coupled with the liberal civil laws in the rudimentary Middle East, made Dubai an attractive destination for various multinationals to set up their offices and warehouses.
Dubai: a business magnet
The rulers of Dubai wanted to make Dubai a commercial center for the entire Middle East and perpetuated them to invest their resources in creating facilities, infrastructure and developing laws that would be conducive enough to attract to Dubai any company that had commercial interests in it. the region. It was with this vision that the World Trade Centers in Dubai were built in 1979 and the same ambition is summed up in the creation of facilities such as the Dubai International Financial Center (DIFC), the Dubai Internet City, the Dubai Investment Park and the Dubai World Center etc.
Dubai: a Leisure and Tourism Hub
Dubai generally lacks any natural scenery worthy of attracting tourists from other parts of the world. But they made it up, and they made it up in such a way that Dubai attracted some 13.2 million tourists in 2014 alone, which they did mainly for two reasons. Firstly, Dubai is the third most connected air hub in the world thanks to its state-owned airline Emirates, and secondly, the architectural marbles that are unique to Dubai. Whether it’s the world’s largest indoor ski area at Mall of Emirates or the world’s tallest building, Burj Khalifa, Dubai has everything that makes it a perfect tourist destination.
Building a knowledge-based economy
But Dubai is not satisfied with all this and, as experts in the field put it, Dubai is lining up to become a knowledge-based economy to sustain long-term economic growth. With this vision, they built facilities such as Dubai Internet City, Dubai Media City and Dubai Knowledge Village. All these facilities are created to take advantage of the growth offered by information and communication technology, which has already boosted the economies of several other nations. Dubai Internet City, which is already home to big global companies like LinkedIn and Facebook, also aspires to be an incubator for small entrepreneurs offering services like software solutions, web development, mobile app developers, etc.
The market for ICT-based products and services has been greatly expanded due to the growing popularity of e-commerce or online marketplaces. Many companies operating in this field have also started offering their products and services through their mobile app to take advantage of the growing popularity of smartphones. The Middle East and North Africa is a large market for companies operating in this field and to access this market they require means such as mobile applications, which are adapted to the needs of the local population. With an infrastructure like Internet City, Dubai can be a preferred gateway for ICT companies, where they can also look for local partners. As we all know, these days, when you are looking for something, there is no convenient place to search other than a search engine. Therefore, aspiring businesses could simply search for keywords like Mobile App Design in Dubai and connect with knowledge-based entrepreneurs operating in Dubai and playing their part in transforming Dubai into a knowledge-based economy. .
