Over the years, Dubai has been able to take advantage of its
prime location in order to grow at an excessive rate and create a
hub that attracts business from Europe, Africa, and Asia. The oil
and natural gas industry in the UAE has allowed Dubai to pull in
investors from neighboring countries in the region, as well as
significant human and social capital, giving the city even more
fuel for excessive growth. Dubai is now a global leader in trade,
travel, and business, and it is using its competitive advantages
in order to diversify its strengths into a variety of businesses
and industries. Through its convenient location, its oil and gas
assets, and its diverse human capital, Dubai has positioned
itself as the center of world trade not only in the Middle
East, but worldwide.
It is no surprise that Dubai has been able to use its
central location in order become a major player in both the
shipping and aviation industries. The UAE was able construct the
largest port on the Persian Gulf which made the region a great
cargo hub in the Middle East and stimulated trade with China.
Dubai has also established one of the largest airports in the
world and accommodates over 60 million flying passengers per
year. Because of Dubais prime location and ease of access, it is
now a hot spot for luxury, leisure, and tourism. The vast growth
in business and tourism in Dubai make the city an excellent place
for investors in the retail, entertainment, and real estate
industries to spend their money. Dubai is now filled with lavish
stores, restaurants, and nightclubs. The citys magnificent
skyscrapers and extraordinary hotels and real estate are now as
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