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About Dubai
Since
the formation of the United Arab Emirates in 1971, Dubai has
developed rapidly from an oil and gas based state to a
broadly based market economy. A 30-year development plan
provided for substantial investment in education and
infrastructure (transport and telecommunications) and has
led to rapid growth in trade and inward investment.
Dubai offers a world-class airline (Emirates Airlines),
world-class tourism (over 30 five-star hotels and the
world's first seven-star hotel, Burj Al Arab) and
world-class sporting events: The Dubai World Cup (the
world's richest horse race), the Dubai Desert Classic (golf)
and the Dubai Rugby Sevens.
In recent years, Dubai has established Dubai Internet City
and Dubai Media City, providing the regional hubs for IT
(notably Microsoft and HP) and media businesses (Reuters and
CNN). In September 2003, Dubai hosted the 2003 Annual
Meetings of the Boards of Governors of the World Bank Group
and the International Monetary Fund.
The success of the Dubai economy is the result of dynamic
and visionary leadership, an ultra-modern and efficient
infrastructure, the absence of government bureaucracy, and a
diversely skilled, well educated, multi-cultural and
multi-lingual workforce. It has an abundant supply of
housing for expatriate professionals, and excellent schools
and centres of further education.
All this has made it one of the fastest growing cities in
the region, and one of the world's most prominent centres
for business and leisure.
The Dubai International Financial Centre, creating a
world-class financial market for the region, is a logical
development in the context of all of Dubai's other recent
achievements.
Web sites related to Dubai
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