The Emirate of Dubai in the U.A.E. is one of the great success stories internationally in the process of economic development. Traditionally the trading hub of the Region, Dubai is now extending its success into tourism and knowledge based industries. Testament to Dubai's arrival on the international stage is hosting of the prestigious IMF/World Bank meetings in September 2003.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, his vision is to provide the best the world has to offer. In the pursuit of excellence the Government has always looked upon the private sector as full partners. With no personal corporate or sales taxes, foreign direct investment has expanded strongly and mega projects have become synonymous with Dubai's development. Within the residential property sector it has been Emaar's master-planned communities that have been a major contributor to Dubai's economic development.
Dubai's strategic location is also a key element in its success. The heart of one of the worlds richest regions, Dubai is located midway between the Far East and Europe. Over 120 shipping lines and 100 airlines connect to more than 140 global destinations. The award winning Emirates airlines is ever expanding into new destinations.
Multi-national companies increasingly see Dubai as the obvious choice for establishing operations in the Region. Proximity to the Indian subcontinent not only gives access to a market of over 1 billion people but the ability to benefit from an increasingly talented and competitive labor supply.
The pursuit of excellence has resulted in producing one of the best infrastructure facilities in the world. State of the art telecommunications, reliable power, modern schools and healthcare are all attracting an increasingly multi-cultural and highly trained workforce. The Government projects a doubling of population by the year 2010. Luxurious living, the finest cuisine and world class shopping are now the hallmarks of Dubai enjoyed by residents and visitors alike.
