4hw.com.cn: for a long time, the impression of Dubai has always been a typical "tall and tall" emirate. People who come here to live are either rich local tyrants or high-level white-collar workers with outstanding talents. But when you step on this land, you will find that this is an atypical "emerging market" full of vitality and opportunities, suitable for all walks of life here Live and start a business.
The so-called 'atypical' means that Dubai has various top-level infrastructure in the world that other emerging market countries and regions do not have, such as the world's tallest Khalifa tower, Dubai Shopping Mall full of luxury goods, and sailing Hotel, Armani Hotel and palm island Atlantis Hotel which cost thousands of dollars every night. The quality of expressways and the car brands on the roads may be rare in developed countries; but Dubai is still positioned as an 'emerging market' because the business opportunities here are basically similar to those in China in the 1990s. All of Dubai is like a "big construction site". Tall buildings are still rising. In addition, the per capita education level here is still relatively low, and the University penetration rate is far less than that of developed countries.
Non oil industry the two largest non oil industry projects in the United Arab Emirates are located in Dubai, namely the Dubai aluminum plant and the Dubai dry dock. The aluminum plant uses liquefied petroleum gas (LPG) from Dubai oilfield to generate electricity. At present, the annual production capacity is 375000 tons, and the product export accounts for 60% of the national non petroleum product export. Now, it is still making additional investment to expand its reproduction. Dubai dry dock has developed into one of the world's top five shiprepair plants. The factory undertakes business from the world, with an average of more than 200 ships demolished and repaired each year. In addition, Dubai's food processing industry is also very large, and these are all owned by the royal family, so it is also a source of income.
Port freight: the annual container throughput of jeberari man-made port is about 10 million. Even if the tariff is lower and the price is not cheap, it is also the revenue source of Dubai's finance.
As a transit hub of economy and transportation in Europe, Africa and Asia, Dubai holds numerous international large-scale exhibitions, expositions and investment promotion fairs every year. The value brought by these business opportunities is also very high.
Tourism since 2003, Dubai's tourism revenue has surpassed oil revenue, accounting for more than 10% of GDP. Moreover, tourism has solved 25% of Dubai's employment rate, which has become the main source of income. It is also the focus of the new chief Muhammad's work. The number of tourists and accommodation in Dubai has grown from nearly 2 million in 1996 to more than 6 million in 2005. During the same period, the number of people crossing the Dubai airport has grown from 8 million to nearly 25 million. And the Sheikh claims that in 2010, Dubai could attract 15 million people a year to visit Dubai.
According to statistics of the real estate industry, Dubai has one fifth of the world's high-rise cranes. One by one fenced up construction sites are unimaginable large areas. Here, almost every construction project can be crowned with the title of "the largest in the world" and "the largest in the region". And these miracles are written by three Royal real estate companies in Dubai.
Telecom and hydropower: Etisalat, the telecom industry in Dubai, is also a 'state-owned company' controlled by the royal family. In the past, there was only one mobile phone network in Dubai, which was equivalent to our mobile phone customers. This year, a new telecommunication network, 055, appeared. The Dubai water and electricity authority is also owned by the government, and all these revenues are the source of Dubai's financial revenue.
High tech industry nowadays, in addition to vigorously developing trade and tourism, Dubai also attaches great importance to modern high-tech industry. At the moment, Dubai has a growing number of tax free zones, covering everything from media to sports, finance and biotechnology.