Dubai success is beyond question or doubt. The city is no longer an experience or project. but a self-reliant, civic entity and anyone can make their own opinion about it.
Admirers of the city gave the reason for its success for many reasons but it was wrong. Some said Dubai was successful because it appreciated the importance of Arab and foreign investors. And they put the city on the map by opening the door to do so. Foreign investment indeed played a major role in the development of Dubai but this is not the reason behind its ultimate success as such investments are available from the coast of Beirut to Morocco. And yet, these places have not created anything as seen. In Dubai.
The truth is that most of the mega projects in Dubai were plan by government agencies in Dubai. The role of foreign investors in building the city was simply to come and take advantage of the lucrative opportunities. Others attribute Dubai’s success to the local private sector. They believe the government has only provided electricity and water services. They forgot that the government owns most of the big companies in the city.
We should also not forget that the UAE’s administrative system is known for its flexibility and decentralization. Which has allowed everyone to have their style in terms of decision making. The federal government continued to support all emirates for most of the major services, without interfering with management. After all, this is the reason why it is difficult to compare Dubai’s experience or reproduce it like other countries. Dubai became a city of opportunity for all those who achieved success and had great ideas and ambitions; Regardless of their nationality because government responsibilities in Dubai are governed independently. It became known that Dubai is a fertile land that can give you a lot of change with its flexible, encouraging environment.
While trying to decrypt Dubai’s secrets, one person told me with great confidence: “The secret behind Dubai’s success lies in its overseas operations and the government’s willingness to commission citizens to lead large projects in the emirate.”
This is not true. In Dubai, there is intense enthusiasm to employ UAE nationals, but at the same time, it keeps the door open for creative and interested candidates of all nationalities. Most of Dubai’s big business figures are emirates. Those who deal directly with various institutions in Dubai know this truth.
There are some areas that they said Dubai did not succeed. My answer to those people is: First, this organization is not run by Dubai citizens. Second, we cannot compare all the corners of this vast city in the same way. Other educational institutions are successful, and this is why so many families have moved to Dubai; Taking advantage of their services despite the high cost of living.
The secret behind Dubai’s success lies in its leadership. Sheikh Mohammed, the ruler of Dubai, knows what he wants. And these projects can’t happen without his consent and personal supervision. It is clear that he is giving full power to men and women in Dubai, but, at the same time, he is responsible for the results they give and promise.
This transparency in management is what is missing in other Arab countries where authorities and responsibilities are abuse and where there is no accountability. This is how promises go and failure mounts. Dubai has a lot to admire not because of its skyscrapers, wide streets, or lucrative companies. But for its administrative model, which can be reproduce in modern cities, which suffer from mismanagement.
From the 1770s to the late 1930s, the pearl industry was the main source of income in the Trucial States. Making up the United Arab Emirates today. For the inhabitants of the fishing villages in the Persian Gulf. Sleep pearl diving was a humble beginning in their trade, but it sets the scene for something much bigger later.
Dubai and Abu Dhabi clashed on their borders in search of oil in the late 1950s. Prompting many to move to other locations in the Gulf outside Dubai. As the city struggled and Abu Dhabi flourished. In 1958, the ruler of Dubai, Sheikh Rashid bin Saeed Al Maktoum, began investing in infrastructure and completed the first airport in 1960 with a multi-billion dollar loan.
The process of reclaiming land next to the Al Ras waterfront in Dubai in 1965.
Walking away from oil boosted tourism, and the small amount of oil that was finally found in 1966 went to Dubai, the city we know today.
Dubai introduced oil shipping in 1969 and before gaining independence from Great Britain in 1971 when it became one of the seven emirates of the UAE.
The city established its first free zone in 1985: Jafza, Jebel Ali Free Zone. Which is 52 square kilometers (20 square miles) the largest in the world.
This has become a major attraction for global businesses, which today take advantage of the emirate’s 30 free zones that lack tax breaks, customs duty benefits, and restrictions for foreign owners.
Many of Jafza’s companies invest as much as 20 percent in Dubai. And an estimated 144,000 employees are producing 80 80 billion in non-oil money. That’s 21 percent of the city’s gross domestic product (GDP).
The UAE is the third richest country in the world, second only to Luxembourg and Qatar at number one with a GDP of 57,744. Much of its money comes from the production of goods and the provision of services related to petroleum, petrochemicals, aluminum, and cement.
Click here for more articles: https://www.listyourpassion.com