Your assignment is to prepare and submit a paper on dubai and it rapid transformation.

  

Your assignment is to prepare and submit a paper on dubai and it rapid transformation. It is for this reason that Dubai’s industry is attributed to be the biggest and the most successful one. The journey from a small fishing port where people used to come to trade gold or in search of pa earl to one of the most significant business hubs has been except over whelming (Veselin). Dubai has managed to develop so fast due to the application of effective. In contrasts while other states of the UAE have failed to follow the same pace despite achieving independence at the same time.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp. The society and economy of the United Arab Emirates (UAE) changed after the th1950sdiscovery of 1950’s. Abu Dhabi was the first state to export oil in 1962 as its ruler late Sheikh Zayed was prompt in realizing the potential of the oil industry. Due to the growing oil industry, there was a large inflow flow of oil revenues and foreign labor from various parts of the World. UAE took advantage of this magnanimous influx and diversified its economy into tourism, business and construction so that it could reduce its dependence on oil exports. It also made use of revenues from oil exports and invested in education, infrastructure and health so that people could live a better life. While Abu Dhabi was slow to diversify, Dubai followed a very aggressive strategy of diversification, particularly during the 2000’s credit boom. The plan for constructing outstanding projects enabled it to attract vast amounts of foreign investment. For example, the Burj Khalifa skyscraper, which is considered to be the World’s tallest building and Palm Islands, which is a crucial reclamation project (United Arab Emirates Profile).&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp. Dubai, without any doubt, has one of the fastest-growing tourism industries in the World, where visitors come all around the year, from all parts of the globe. This is due to the well-planned marketing efforts of the department of tourism, such as hosting delegates from abroad to inform the World about Dubai’s tourism offerings.Thus, Dubai has maintained its path of success following the latter half of the twentieth century.

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