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The Economy of Dubai - Oxford Scholarship Online
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The Economy of Dubai

Abdulrazak Al Faris and Raimundo Soto


Over the last fifty years, Dubai has transformed itself from a small fishing and trading village into an integrated, modern, and vibrant economy. The development process was initiated by oil riches but, unlike most other oil exporters, it has successfully diversified from hydrocarbons with the creation of world-class clusters of financial services, tourism, and trading activities. Understandably, Dubai has become a model of economic development not only for the other six emirates that comprise the UAE, but also for most regional economies. Indeed, its success in diversifying its economic base ... More

Keywords: Dubai, economy, economic development, United Arab Emirates, government policies, private sector

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780198758389
Published to Oxford Scholarship Online: March 2016 DOI:10.1093/acprof:oso/9780198758389.001.0001


Affiliations are at time of print publication.

Abdulrazak Al Faris, editor
Deputy Secretary General for Economic Affairs, Dubai Economic Council

Raimundo Soto, editor
Professor of Economics, Department of Economics, Pontificia Universidad Catolica de Chile

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