»»The Rapid Growth of Dubai
We have already covered topics about the Dubai’s goal to become a new offshore outsourcing destination. The government of Dubai, plans to make the emirate a offshore outsourcing location by 2010.
Now, a few figures from a Newsweek article, witnessing the fast growth of Dubai as financial and commercial hub, make clear how the government’s commitment in this emirate is critical to achieve any goal in a short time.
Their city-state has been aptly described as a family conglomerate run by Sheik Mohammed as ruler and CEO. He is the visionary behind the leading enterprises in Dubai, including investment, media and hotel holding companies, as well as Emirates air. He has transformed this coastal desert into a man-made mirage of artificial islands and spiraling skyscrapers. Dubai’s economy grew more than 16 percent last year. Multinationals, including Siemens, Oracle and Dell, have set up regional bases in this city, an efficient oasis amid the strife and commercial disorder that afflict much of the Middle East.[…]
Dubai is working hard to become a destination city for tourists, real-estate investors and corporate headquarters. Its relaxed regulations and religious rules—this is the only city in the region that allows non-Muslim houses of worship—make Dubai unique in the Middle East. It offers 35 shopping malls, a “seven-star” hotel with a butler for every suite and recently opened a 32,000-square-foot indoor ski slope to attract new visitors. […]
Think of Singapore, without competition from Hong Kong or China. Dubai has no income tax, no corporate tax, no unions, and a blue-collar work force made up largely of job-hungry immigrants, including many from South Asia. The result is that Emirates faces none of the health- or pension-cost burdens that have helped drive many Western rivals into the red.[…]
(It refers to the impressive growth recorded from the state’s flag carrier Emirates in the recent years. Also that, involving building of new airports in the Emirate, expanding of the fleet and of the destinations, will contribute to make Dubai an offshore outsourcing center)
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