Why is Dubai so rich?

Dubai is the richest city in the Middle East. Even in the world, Dubai is in the forefront. There is the only seven-star hotel in the world, the largest shopping center in the world, and all internationally renowned brands are stationed without exception. Police cars in Dubai are luxury cars such as Porsche and Bugatti Veyron. Why is Dubai so rich?

First, although Dubai's oil revenue today is less than 6% of Dubai's total economic output, it is no longer a traditional way to get rich by relying on oil, but the huge benefits it once brought are enough to make Dubai people become veritable local tyrants.

Second, Dubai's non-oil industry is also very developed. The two largest non-oil industry projects in UAE are in Dubai, namely Dubai Aluminum Factory and Dubai Dry Dock. In addition, Dubai's food processing industry is also very large, which undoubtedly brings huge income to Dubai.

Third, from the geographical location of Dubai. Located in the middle of the UAE coastline, Dubai is about 400 miles long, which makes Dubai one of the most important trade centers in the Gulf region. The superior geographical position makes Dubai play an important role in connecting various routes, which also greatly facilitates Dubai's maritime traffic.

Fourthly, the flexibility and looseness of Dubai's trade policy has attracted a large number of foreign "immigrants", accelerated Dubai's internationalization process, and accelerated Dubai's economic development, bringing huge economic benefits to Dubai.