How UAE Rose to Limelight?

The best part about the UAE is that it has become one of the business and real estate giants in the world out of no where or we can say out of just scrap. It was a desert country and the main attraction of the state was fishing and pearls that were found in the sea. The residents of Abu Dhabi fed on these pearls as they had not many options for earning a living. And today when we look at Abu Dhabi, we can’t even believe that the same state was nothing but a barren desert some fifty odd years ago.

The credit must be given to the resilience of the nation and especially the administration that led the nation in those tough times and later utilized the natural mineral resources of the country with perfection to become one of the most important states in the Gulf region. It is a fact that the oil is one of the biggest weapons that a nation may have today in this fuel driven international economy and industry and UAE had that power but to utilize it to excellence is the important thing and they have done that with great skill and expertise.

The main strength of the UAE administration is that they have been innovative and instead of relying simply on oil and mineral reserves, they tries to utilize this strength of theirs in other fields. They had the basic capital in shape of oil so they promoted industry in the state and gave alluring offers to the businessmen and investors who brought investment in the city. The idea was to shift the burden of economy to other industries from oil so that all these things together could contribute in the UAE’s economy. The idea has paid off and today the total GDP of the UAE does not comprise on oil only but other things as well.

The tourism was also promoted in the country and real estate sector that came to the forth as an offshoot of these enticing business and tourism opportunities took the world by a storm. Realty sector in the country boomed during the latter half of the last decade and charmed the investors from all parts of the world. All these industries and businesses have jelled in together to make UAE one of the most exotic business states in the world and there is no doubt that they will only advance from here as the foundations of the economy are very strong courtesy excellent steps taken by the administration of all the emirates.