Dubai's Economy


Main Industries and Companies in Dubai



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Dubai is UAE’s main port and commercial center, with the population of approximately 1 million people.

Originally, Dubai's wealth was built in the1960s on the back of the oil industry, but now earnings from this industry make only 10% of city’s GDP. Today, most of its GDP comes from tourism and commerce, and Dubai is rapidly developing its finance and IT sector.

Dubai’s most important manufacturing industries are in producing paper, beverages, chemicals, rubber and pharmaceuticals.

In last 15 years growth of Dubai’s financial services industry had a trend of 12% per year, and most of major international banks and accountancy companies have offices in Dubai International Financial Centre (DIFC).

But, the fastest growing sector in Dubai’s economy is definitely tourist industry. The government predicts that by 2010 about 10 million of people per year will visit Dubai. Therefore, there are huge investments in order to develop the city's recreational infrastructure.

Dubai Holding, government’s holding company, has set up different free zones throughout the city. Some of them are:

Dubai Media City with its part Dubai Studio City (its members include Reuters, CNN, ARY, MBC and AP)
Dubai Internet City (its members include IBM, Oracle Corp, Microsoft and EMC Corp)
Dubai Knowledge Village

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