Who has been to Dubai? Is it bigger than Shanghai or Beijing? On the map, it is a desert city!

Dubai, the second largest emirate in the United Arab Emirates, is located in the throat of the Strait of Hormuz Bay in the Persian Gulf. At the same time, Dubai is also the second largest city in the United Arab Emirates, located in the middle of the Arabian Peninsula and the south bank of the Arabian Gulf. It is the center of the Gulf region and is known as the pearl of the Gulf. Over the past 2 years, Dubai has built a series of modern supporting infrastructures with "petrodollars", and large-scale construction has also made Dubai synonymous with luxury. However, with the world debt crisis in Dubai, people began to wonder whether cities piled up with petrodollars would also become a bubble.

Dubai

Dubai is the second largest city in the United Arab Emirates. Over the past 2 years, Dubai has built a series of modern supporting infrastructure by using "petrodollars". With these facilities, superior geographical location and traditional entrepot trade advantages, Dubai has vigorously developed non-oil industries, and its economy and society have developed rapidly. Now it has become the most important trade, transportation, tourism and shopping center in the region.

Dubai is located in the east of Arabian Peninsula, bordering the Persian Gulf to the north, with a coastline of 734 kilometers. It borders Qatar in the northwest, Saudi Arabia in the west and south, and Oman in the east and northeast, with a population of 2.26 million and an area of 4,114 square kilometers. Dubai pursues an open policy. At present, 8% of Dubai's permanent residents are migrants from more than 15 countries, and there are about 7, people in China. Climate Dubai is extremely hot in summer (April-October), with the temperature as high as 45℃ or above, and there are small sandstorms in some desert areas. November to March is winter, and the temperature is not lower than 7℃. The rainy season is from December to February, and the annual rainfall is scarce, with an average annual rainfall of less than 1 mm.

Dubai has the world's first seven-star hotel, the world's tallest building Burj Khalifa (also known as Burj Khalifa or Burj Khalifa), the world's largest shopping center, the world's largest indoor ski resort, a steady stream of oil and an important trade port status, which has brought great wealth to Dubai. Today, Dubai has become synonymous with luxury. In addition to all kinds of luxury goods and brand-name cars, the buildings here show the undisguised ambition of the booming Dubai. According to statistics, Dubai has spent as much as $1 billion on engineering construction in recent years, and according to the World Bank's estimation, the reconstruction funds of Iraq are only $53 billion. One fifth of the cranes in the world operate here, and 25, construction workers work here. With the continuous injection of funds and the creation of whimsy, Dubai, which was only a small port on the edge of the desert 3 years ago, has now attracted architects from all over the world. They have created the largest artificial island-"Palm Island" and the most luxurious hotel-Burj Alarab, which is becoming a paradise for top architects in the world. Today, Dubai, United Arab Emirates is becoming a metropolis of world art architecture. Many famous architects in the world have gathered in Dubai, a desert city, and designed various avant-garde museums and buildings.

Dubai is really a very contradictory city. Originally thought, it should be an endless desert, the whole city should be shrouded in a yellow tone, and green should only be an ornament. Unexpectedly, just after stepping off the plane, a whole piece of green is coming to you, with trees everywhere and birds singing and flowers fragrant. The sky in the city is particularly blue and clear, and white clouds can be seen clearly. When you look closer, those big trees and those small flowers all grow in the desert. How did these green lives take root and grow on such soft yellow sand? Therefore, Dubai is contradictory. The most lifeless yellow sand, the most vibrant green forest, the oldest religion and the most modern architecture are all blended together.

In the Gulf region, Dubai is considered as one of the most important trade centers in this region. First of all, Dubai is located in the middle of the UAE coastline, about 4 miles long, and its position is very strategic and competitive. This important position in the southwest of Arabian Gulf makes Dubai play an active trade role in connecting various routes, on the other hand, it can greatly facilitate the maritime transportation between the east and the west. Secondly, Dubai pursues a free and stable economic policy, which has won a good reputation among countries and the international business community, which encourages domestic capital and foreign capital to invest in various economic fields such as commerce, industry and service industry. Third, Dubai has further strengthened its strategic position in international trade by building perfect infrastructure, improving the efficiency of government services and providing public services. These efficient facilitation measures have effectively promoted the growth of various economic sectors, social development and the improvement of people's living standards. In a word, the economy of Dubai Emirates is based on two kinds of economic activities, namely, non-oil trade and oil production and export. In the past three decades, Dubai's trade and industry have experienced rapid growth due to its unique strategic geographical position in the Gulf, the completion of a series of infrastructure projects and a series of trade facilitation measures implemented according to the highest international standards. Now Dubai has become the most important import, export and entrepot trade center in this region. At the same time, Dubai is also committed to vigorously strengthening the construction of its industrial base in order to further realize its economic diversification. To this end, Dubai has established some heavy industry projects in Jebali Free Zone, and the active private economy has also established some small and medium-sized manufacturing factories, and achieved self-sufficiency in some commodities, some of which have even exceeded the demand of the local market and exported to overseas markets.

Its economic components are:

Oil. Today, Dubai Oil only provides 6% of GDP, and it is expected to be fully exploited by 21.

Non-oil industry, the two largest non-oil industry projects in the United Arab Emirates are located in Dubai, namely Dubai Aluminum Factory and Dubai Dry Dock.

port freight

trade processing

tourism

real estate

telecommunications and hydropower

high-tech industries, etc.

Dubai people have boundless courage, and everything should be the best in the world. The only seven-star hotel in the world, the eighth wonder in the world, the tallest building in the world, the largest artificial indoor ski resort in the world, the largest amusement park in the world, the largest office building in the world ... Dubai Hotel Golden Sailing Hotel.

On November 24th, 29, local time, Dubai World, the largest enterprise in the emirate of Dubai, announced that it would delay its debt repayment for six months, which shocked the global financial market. The three major stock indexes in the United States fell by 1.48%-1.73% respectively, and the Asia-Pacific stock index was even more bleak. Japan fell by 3.22%, Hong Kong by 4.84%, South Korea by 4.69% and Shanghai Composite Index by 2.36%. Then the resource market. Gold and oil prices plunged by 1.1% and 2.4% respectively, while silver fell by 2.5%.

Dubai is the entrepot trade center in the Middle East, and its non-oil trade accounts for 7% of the UAE countries. It attracts foreign businessmen by setting up a free trade zone and tax exemption, and its tourism industry is developed, which in turn drives a lot of real estate investment. Therefore, experts believe that Dubai's trade, port economy, leisure, tourism and other non-oil economies are relatively stable, and Dubai's debt crisis is expected to be resolved in the next two or three years.