How is uae rich

Dubai and Abu Dhabi clashed over their borders in the search for oil in the late s, leading to many people moving out of Dubai to other places in the Gulf as the city struggled and Abu Dhabi thrived. In , the ruler of Dubai, Sheikh Rashid bin Saeed Al Maktoum, started investing in infrastructure and completed its first airport in from loans amounting to tens of billions of dollars.

The move away from oil led to a boost in tourism , and the little oil Dubai eventually discovered in went towards building the city we know today. The city established its first free zone in Jafza, the Jebel Ali Free Zone, which at 52 square kilometres 20 square miles is the largest in the world.

The bulk of its money comes from the production of goods and provision of services related to petroleum, petrochemicals, aluminium and cement.

We and our partners use cookies to better understand your needs, improve performance and provide you with personalised content and advertisements. To allow us to provide a better and more tailored experience please click "OK". With a population of 8. It has a population of Even though the world knows Switzerland for its invention of the Swiss Army knife and its chocolate, the country is actually a great place for investors.

The Swiss economy is based on tourism, machinery, and chemicals. Singapore is a country in Southeast Asia made up of 63 islands, which collectively house 5.

The third richest country in the world is also home to The Dubai Mall, the world's largest shopping mall. The country is home to 8. Photo by Nathan John on Unsplash.

Tanmayee 58 Posts Published. View all posts. Related Itineraries. Click to book. Related Posts. Book a vacation completely online Book Now. Access exciting travel deals at best prices Name. Phone Number. Request callback. Moreover, wealth in the UAE is concentrated in Abu Dhabi and Dubai, with development disparities across the seven emirates. There is perhaps a lesson there, though: The less wealthy emirates such as Ajman, Al Fujayrah, and Umm al Qaywayn rely on generous financial support from Abu Dhabi, and are therefore not left behind.

This lesson of sub-national solidarity could be learned by some African countries as well. It is not just about having strategies or creating new infrastructure: It is about effective delivery and implementation, and constant innovation and efficiency to push the frontier of success, with checks and balances and accountable leadership.

Order from Chaos. A how-to guide for managing the end of the post-Cold War era. Read all the Order from Chaos content ». Related Books. Bucharest Diary By Alfred H.