Exotic and opulent, Dubai ranks as a global city and is considered the business hub of the Middle East. Located on the southeast coast of the Persian Gulf, the largest and most populous city in the United Arab Emirates, Dubai is also the capital of the Emirate of Dubai. A major transportation center for passengers and cargo, Dubai’s opulence can be partly attributed to its oil revenue that contributed to accelerating the city’s development. Today, oil revenue accounts for less than 5% of Dubai’s total economy. One of the world’s fastest-growing economies, historically, Dubai and sister city, Deira provided important ports of call for Western manufacturers. Known as the city of gold, Dubai free gold trade provided opportunities for a rigorous smuggling trade but also generated the Emirate city’s reputation as a center for the gold trade and shopping, in general. Along with one of the world’s largest shopping malls, Dubai lures tourists with its propensity to construct the first-of-its-kind skyscrapers and state-of-the-art hotels, that tower over this tiny island destination. Ranked as the fourth most-visited city in the world, in 2018, based on international visitor numbers, Dubai is expected to play host to 20 million tourists by 2020.
Recognized as a financial center, Dubai also functions as a hub for service industries, including information technology and finance, with industry-specific free trade zones promoting thegrowth of these sectors. One complex, Dubai Internet City, in conjunction with Dubai Media City as part of Dubai Technology, Electronic Commerce andMedia Free Zone Authority or TECOM, includes tech firms Hewlett-Packard Enterprise, HP Inc., Oracle Corporation, Microsoft, Dell, IBM, EMC Corporation and Google, along with media giants such as CNN, BBC, Reuters and Sky News. With all that Dubai has to offer with its rapidly growing economy, wouldn’t this exotic location be the ultimate place to grow your business?