Dubai
is the second largest emirate in the U.A.E. Its total
area is around 1000 square miles. Dubai's strategic
location on the international trading map has made it
one of the world's leading trading and commercial centers.
Dubai's growth can be traced back to the early years
of the century when the grandfather of H.H. Sheikh Rashid
bin Saeed Al Maktoum persuaded the British shipping
line plying between Britain and India, to make Dubai
their main port of call in the 1940s.
To further consolidate its position as a major port,
H.H. Sheikh Rashid bin Saeed Al Maktoum took an active
interest in the development of Dubai, he established
a Police Force, a customs service and developed trade
connections with India.
Soon, in the 1960's, with the discovery of oil, money
started to pour in and Dubai's prominence and prosperity
increased. But aware of the risks of oil-dependency,
Sheikh Rashid actively promoted new industrial ventures.
The Aluminium and Cement factory are the result of this
endeavour.
The Jebel Ali Free Trade Zone - the fifth largest in
the world within a short span of ten years, has attracted
over 900 international companies.
Dubai offers a succession of critical supporting business
environments. Its geographical proximity to the talent
and markets of the Middle East, Northern and Southern
Africa, the Indian Subcontinent and the CIS, combined
with the most sophisticated logistic infrastructure
between Europe and the Far East, make Dubai the location
of choice for businesses serious about the region.
Dubai is politically stable and efficiently administrated.
Its government pursues a free and balanced economic
policy that has fostered an excellent international
reputation, and encouraged both national and foreign
capital to invest in almost every conceivable sphere
of economic activity. The non-oil sector in Dubai currently
contributes around 90% of total GDP, and is expected
to grow to 94% by 2005, with manufacturing, tourism
and services all growing strongly.
With the advent of Dubai Internet City, Dubai Media
City and Dubai Acadamic City, this dynamism is
now being transferred to the development of the knowledge
economy.