How dubai become much richest country in the world

There are a few points of how Dubai become the richest country.

Dubai is known to be the urban miracles of the modern world, the futuristic city rising in the middle of a desert is something our ancestors 100 years ago could only imagine that this fascinating location used to be just a tiny fishing village it seems almost illogical that a small town in a very inconvenient climate zone could become one of the world's biggest business and financial hubs how did this happen? To answer this question, let's have. Look at the history of Dubai.

The person gulf, however, was still an important area for the British empire being a strategic route connecting London to Bombay, royal fleet needed to secure area from pirates in the XIX century, the British East India Company signed an agreement with local Sheikh's, particularly with Al Maktoum family, the ruling dynasty of Abu Dhabi and Dubai, to secure peace in the area al Maktoum dynasty rules Dubai until the present day. 

Despite the lack of interest from the empire, Dubai was becoming more and more significant for the region. In 1900 the current ruler announced that no taxes would be charged from the traders, and soon Persian and Indian merchants started moving in the city was a convenient canal that allowed trading ships to sail from the gulf right into the city .

 

Dubai, however, was still a big village rather than a city .the urban development started with the region of Sheikh's Rashid .in 1953, he went touring around Europe and was greatly inspired by European London. Walking around the city and traveling on the tube, he was fascinated by London's urban design, transport system, and overall comfort and convenience.

After his trip, Sheikh started implementing his great plan of turning Dubai into an international city. In 1961 he instructed to artificially deepen the Dubai creek so that bigger trading ships could sail in. Under his guidance, the city was being rebuilt with stone and cement. Having a dream of the great city in his mind, Sheikh Rashid started building an international airport. However, his investors thought that he is too romantic, and these urban projects are simply unnecessary, and it was becoming challenging to fund all the ambitious projects.

 

Sheikh Rashid's plans of creating an international capital would probably stall at this stage, but in 1966 they found oil in Dubai.

Like most newly developing cities, Dubai needed a grand project to attract international attention, so Sheikh Rashid was instructed to build a skyscraper in 1979. The 39 story building named Dubai World Trade Center was officially opened for business.

 

After sheik Rashid died in 1981, his work was continued by one of his sons, 31 years old  Mohammad. Just like his father, he was obsessed with the idea of turning Dubai into Durham, an American architect and urban designer in modern Chicago in the early 20th century.

So guys, if in this article 1000 hits come, I will make these 2 parts also. 

 

Enjoyed this article? Stay informed by joining our newsletter!

Comments

You must be logged in to post a comment.

About Author

I am a author paid for articles