After 2014 oil crisis, UAE decided to change its priorities from oil-based economy to knowledge-based economy in order to laid foundation of its economy on firm basis. But Dubai is far different form rest of UAE as it was already relying on business and tourism for its economy. Its efforts to improve its economic condition…
Before gaining the status of modern city in the latter half of 20th century, Dubai was known as a port and coastal city that was mainly dependent on maritime trade for its economic activities. But since the independence of UAE in 1971, Dubai has emerged as a hub of business and tourism in the whole…
Dubai is hub of business in UAE. In fact, the fame of UAE as a business-friendly country is mainly due to the emirate of Dubai. Since past several decades, Dubai has been attracting foreign entrepreneurs due to numerous incentives and facilities it offer to all types of businesses. An important reason that variety of businesses…
Dubai has a view to support all types of industries in order to make this emirate the hub of combination of businesses. This emirate adopted this strategy quite some time ago and it is moving forward with the same aim despite its focus on knowledge-based economy. There are still several areas that provide exclusive facilities…
Dubai’s love for free zones is quite evident from the fact that it hosts 30 out of total 45 free zones in UAE. Few of these free zones are of general type that are open for all types of businesses while others are established to facilitate specific type of business activity. Such free zones provide…
The efforts to convert economy of UAE from oil-based to knowledge-based started after the recent oil crisis of 2014. But this strategy is not new for the emirate of Dubai. Dubai’s focus was always on strengthening of its economy through business, tourism and other activities related to knowledge and modern technology. It is the reason…