How did Dubai become a rich state?
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Dubai is one of the 7 provinces of the United Arab Emirates. Today, this city is a favorite travel destination for the rich worldwide. Sheikh Mohammed bin Rashid Al Maktoum is the mastermind behind this enviable economic success of Dubai today.
Dubai has a policy to regulate crime and discipline. That is the penalty. For example, if someone drives a dirty car, a fine of 200 dirhams is automatically deducted from his bank account. If someone’s check bounces, then his destination is straight jail.
Due to tax free economic activities in Dubai, trade or the best talented people also migrate to Dubai to build a life. Also, the state-owned mixed economy has made great strides since the country’s industrialization.
Besides, most of the income here comes from mineral oil. But the telecom sector of this country also has a special impact on the total income here. As the UAE expands its oil business around the world, it also advances technology and services.