The government has also set up industry-specific free zones throughout the city in order to support its robust real estate sector.
Dubai is part of the United Arab Emirates, which is the Middle East’s 2nd largest economy and one of the wealthiest countries in the region on a per capita basis.
The UAE has successfully reduced its reliance on its world-renowned natural gas reserves by decreasing the portion of GDP from the oil and gas sector by 30%. These successful efforts at economic diversification were achieved through an enormous constructive boom, an expanding manufacturing base and a thriving services sector.
