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Over the last three years, Dubai has shown an upward growth in the economy owing to the increase in the international oil prices and the growth of the tourism industry. However, the government still wails in debt and there are signs that the city has not yet achieved economic independence. This is a big threat and promises an economic crisis in future unless the government takes control of its spending and focuses on economic generation rather than spending, which will pose danger on its economic security.
Dubai experiences one of the most tremendous population expansions in the world. Between 2005 and 2013, the population of the Dubai Emirate grew from 1.2 million to 2.1 million, which is close to double within a period of only 8 years. The population density of the emirate is about 409 per square kilometer, which is more than 8 times that of the entire country. Just like many other countries in the world, the population of females in Dubai is slightly higher than that of the males. Dubai has a poverty rate of about 10% which is much lower than 19.5% poverty rate in the United Arab Emirates. The crude death rate in Dubai is at 1.4 while the infant mortality rate ranges at about 7 deaths per one thousand infants (Middle East Monitor, 2014). These low figures indicate that Dubai is one of the rapidly developing economies in the world, and much better than other countries in the United Arab Emirates. Economic indicators are important points of evaluating the economic development within a region. The low poverty level in Dubai is another indicator of the fact that the city’s population majorly lies within the middle class (Alajoutsijärvi, Juusola, & Lamberg, 2014). On this note, Dubai enjoys a good economic status and has a challenge to maintain this by finding ways which they can guarantee economic wellbeing in the long term.
The Dubai’s economy is dependent majorly on the oil industry. Economic
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Conclusions : page 11 6. Works Cited : page 12 7. Appendix : page 13 Introduction Qatar, United Arab Emirates and Saudi Arabia are three of the rapidly growing economies in the Middle Eastern region. The recent financial crisis caused severe problems to some of the highly developed economies in the world; however, these three countries seem to be unaffected or less affected by the recent recession.
However, the said goods have to be legal goods. Free Trade Zones, abbreviated to FTZ are also known as Foreign-trade zones or exporting Processing zones in some quarters. These zones are usually situated in areas with several advantages to trade like good infrastructure, availability of labor, since they involve a lot of manual laborers and availability of quick and reliable transport.
Free trade zones were originally created targeting foreign investors so as to promote foreign trade. They are areas where certain special laws do apply with respect to income repatriation, taxation, ownership, recruitment of labor, and value addition. Over the years, free trade zones have become the preferred areas by foreign investors since they offer a cost effective combination of factors of production (Dubai Media City, 2009).
Both Dubai and Turkey depend tremendously on tourism for revenue generation as well as a source of income and employment. Both countries show considerable hospitality towards tourism by using incentives as well as having scrupulous tourist infrastructure and appropriate staff.
Regarding the tourism sector of Dubai, the industry has gained substantial interests of the global clients over the last few decades due to its alluring development in the tourism and hospitality services. Currently, the tourism sector of Dubai has been considered as one of the most appealing and unique destinations and tourist paradise that tends to offer wide range of attractive services and events for the clients across the different geographical locations.
It was in 1971 the six states namely Abu Dhabi, Sharjah, Dubai, Ajman, Umm al-Quwain, and Fujairah were united. And in1972 Ras Al-Khaimha joined the unification, The United Arab Emirates (UAE) were thus formally established with declaration from H.H Sheikh Zayed that the UAE was established as an Independent Nation with the aim of maintaining Independence, stability and co-operation.
rameters of Dubai, one of the emirates in the United Arab Emirates (UAE), would require a strategic level focus on the space related outcomes against the backdrop of a fast unfolding property development process that is currently under way (Sassen, 1998). At the micro level
In this regard, it is witnessed that massive number of visitors are satisfied with the transportation facilities that encrypted within Dubai. At the same time, it is also witnessed that people also pleased with the performance of Dubai Taxis. As
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