Why did Dubai rise?

From 65438 to 0954, Britain established a political institution in Dubai and became a protector. Dubai's flexible and relaxed policy towards foreigners in trade has attracted more foreigners. Due to the participation of these foreign "immigrants", Dubai's internationalization process has been accelerated, and Dubai has quickly become a big city of international trade ports.

1966, with the discovery of oil fields in Abu Dhabi in 1958, submarine oil fields were also discovered in Dubai, which further promoted the development. From 65438 to 0969, the export of the first barrel of crude oil promoted the faster development of Dubai's economy and urban infrastructure.

In the 20th century, through the process of modernization, Dubai became the largest trade and business center in the Middle East. It developed rapidly after 2003, and Dubai's development accelerated in the second half of 2004 due to high oil prices.

Extended data

In terms of financial policy, Dubai pursues a free and stable economic policy and has won a good reputation in various countries and international business circles. Because there is no foreign exchange control, funds flow here more frequently. In addition, Dubai's good public security and perfect legal system have also greatly guaranteed social security.

In recent years, Dubai has established many successful investment centers to meet the needs of different industries. Auto Free Trade Zone, Dubai Commodity Center, Dubai Silicon Valley, Dubai Seaside City, Dubai Investment Park and other 10 free trade zones with obvious specialization tendency are under construction, which have made full preparations for attracting elite enterprises from various industries.

Dubai regards Islam as the state religion, but at the same time there are a large number of non-Islamic foreigners living in Dubai, so there are few religious restrictions in Dubai. There are fewer restrictions on drinking, clothing, entertainment and diet, and some restaurants also sell pork dishes prohibited by Islam.

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