Dubai's transition away from an oil-dependent economy | Diversified economy of Dubai

Описание: Dubai, a city-state in the United Arab Emirates, is known for its towering skyscrapers, luxurious shopping centers, and lavish lifestyle. This opulence was not always the case for the city, which was once heavily reliant on the oil industry. In the 1960s, Dubai, like many other countries in the Middle East, relied heavily on its oil reserves for economic growth. But as the global demand for oil fluctuated and the need for diversification became increasingly apparent, Dubai made a strategic shift towards building a knowledge-based economy, and as a result, it has emerged as a major hub for tourism, finance, and technology.


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