Saturday, May 12, 2012

Growth of Dubai

In 1990, Dubai was little more than a Middle Eastern desert, earning its livelihood from the oil industry. Then, the Persian Gulf War took a great toll on Dubai's economy after a massive withdrawal of funds occurred due to Economic uncertainty.
During the remainder of the 90's, however, many foreign companies began moving business to Dubai. Due to this movement and the rising oil prices, Dubai began to concentrate on free trade and tourism to stimulate their economy. Throughout the next decade, numerous structures were erected. Today, Dubai is one of the largest tourist destinations in the world. To promote their new tourist based economy, the Dubai government put into motion several large construction projects. Many of the buildings that went up were among the largest in the world, the most luxurious, and the most unique.
1993

2003

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