Dubai's Development Model -3/3

This is an overview of the remarkable rise of Dubai - an Emirate in the Persian Gulf - and illustrates a unique tourism and leisure-based economic development model. Surprisingly, the development model did not require native wealth (such as oil) for its execution and could also be successfully implemented in an apparently "troubled" region of the world.

PLEASE READ MY COMMENTS ON THE VIDEO BEFORE WATCHING.

Category:

News & Politics

Tags:

• dubai
• development
• model
• overview
• background
• history
• uae
• arab
• middle
• east
• future
• progress
• growth
• investment
• travel
• living
• cbs
• 60
• minutes

[KashifHKhan]

PART II:

I also believe Dubai has played its geographic location, regional instability, and US/EU racism cards brilliantly. It sits at the crossroads of Europe, Asia, and Africa and leveraged its location to build a major seaport and airport. It harnessed instability in Middle East, Central Asia and South Asia by offering an oasis of calm and security. Finally, it implemented an easy visa regimen to encourage Asians to enjoy world-class amenities typically found only in US and EU.

-Kashif

[KashifHKhan]

PART I:

I am fascinated with Dubai for several reasons: (a) development of a non-oil economic model in a region totally dependent on oil, (b) execution of country's development model through utilization of mostly foreign financial and intellectual capital, (c) creation of world-class tourism, retail, leisure, sports, and real estate industries to drive growth, and (d) fostering of a cosmopolitan and tolerant atmosphere in a region known for extremism. And it did this in record time!

-Kashif

[ShuaibMsH]

Yep, no one disappoints this Sheikh.