Dubai, the ‘leisure and entertainment capital of the Middle-East’ is just a trendy, cosmopolitan city that is now making a slow transition from an oil-dependent economy to the Mecca of media & commerce in the Gulf.
Tourists who come to tour Dubai on cheap holiday packages are often impressed by its architectural grandeur visible in the new-age buildings that produce the city seem like an opera and glass fantasy. The city’s primary tourist attraction, The Palm Island, built out of reclaimed land draws tourists in hordes. Annually millions of tourists search for cheap holiday deals for Dubai on the web to see this incredible residential and resort complex that is even visible from the space.
On your following holidays to Dubai take time out to explore the ‘Internet City’- the IT- hub of Dubai. Next on the Dubai Government’s wish-list is definitely an International Financial Centre that may give popular stock exchanges just like the Hangseng desert safari deals, Nikkei and Dow Jones a function due to their money. But perhaps the most important development that’s taken place may be the conceptualization of a ‘Media City’ that may enable Dubai to displace Cairo as the media capital of the Middle-East.
Tourists who have visited Dubai in the past decade testify that the city’s demographic composition has changed dramatically in the past two decades. Only eighteen percent of the population of Dubai now consists of original inhabitants and the rest are migrant workers who have been brought in included in Dubai’ government’s grand strategy to market a ‘Knowledge Economy’ comprising of special economic zones focused on each industry. Dubai has made a strategic decision to branch out into various industry verticals like shipping, finance, transportation & media instead of just counting on hospitality. Limited oil reserves are said to be the key trigger behind this kind of strategic move.
Unlike other nations which may have relied primarily on rapid industrialization and export surpluses to market GDP growth, the Dubai Government has followed a somewhat contrarian approach and adopted tourism as the key engine of economic development. It has established the proper infrastructure and put in position an effective law and order mechanism for tourists to take pleasure from and feel secure in the Emirate.