The Catalytic Oil

The discovery of Oil in the year 1966 that gave impetus to the development of vast urban landscapes in Dubai. Rulers in Dubai employed the money from Oil for infrastructural development as they knew that they cannot create a prosperous  dune buggy rental dubai economy on the limited reserves of oil. So they opted for diversification and the success of their choice can be measured by the fact that Oil is now contributing less than 3percent of Dubai's growing economy.

Dubai the most preferred gateway to the Middle East

To diversify their business, the leaders of the Emirate chose to take advantage of its strategic location. Consequently, they constructed the world's most massive man-made harbor Jebel Ali which was finished in 1979. They followed this up by creating Jebel Ali Free Zone in 1985, and later in the years that followed Dubai entered the ranks of Singapore along with Hong Kong as a Re-export centre. This, combined with the modern civil laws in an extremely basic Middle East made Dubai an attractive location for multinationals to start their warehouses and offices.

Dubai: a Business Magnet

The rulers of Dubai were determined to make Dubai a trade hub across the whole Middle East and it perpetuated the need to invest resources in building facilities, infrastructure, and develop laws that were favourable enough to draw any business with a an interest in business from the area to Dubai. This was the reason why that in 1979, the World Trade Centers were built in Dubai in 1979. The similar ambitions are reflected in the construction of facilities like Dubai International Financial Center (DIFC), Dubai Internet City, Dubai Investment Park and Dubai World Center, etc.

Dubai The city of Dubai is a Leisure and Tourism Hub

Dubai is typically devoid of any natural scenery that is suitable to draw visitors from all over the of the globe. They made it up and made it up in a way that Dubai has attracted around 13.2 million visitors in the year 2014 alone. they did mainly because of two reasons. First, Dubai is third most connected aviation hub on earth courtesy their state-owned airline Emirates and secondly the marbles in its architectural design are exclusive to Dubai. It could be the world's biggest indoor ski slope in Mall of Emirates or world's most tallest structure Burj Khalifa, Dubai has it all that makes it an ideal tourist destination.

A Knowledge-Based Economy

However, Dubai isn't content with this and according to experts in the field, Dubai is aligning to become a knowledge-based economy to ensure economic growth in the long-term. Based on this plan, they built facilities like Dubai Internet City, Dubai Media City and Dubai Knowledge Village. All these facilities are created to capitalize on the growth opportunities offered by Information and Communication Technology which has already stimulated the economies of several other nations. Dubai Internet City is one of them. It is home for global giants such as LinkedIn and Facebook as well as aspires to be an incubator to small businesses that offer services like software solutions, web developing, mobile app developers, etc.