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Dubai has emerged as a global city and business hub of the Middle East. Dubai is one of the seven emirates that make up UAE. Dubai’s economy is based on revenues coming from tourism, aviation, real estate, and financial services. As far as oil & gas is concerned less than 5% of its revenue comes from Oil. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world’s tallest building, the Burj Khalifa. Dubai is the 22nd most expensive city in the world and the most expensive city in the Middle East. In 2014, Dubai’s hotel rooms were rated as the second most expensive in the world, after Geneva. Dubai was rated as one of the best places to live in the Middle East by American global consulting firm Mercer.
One of the world’s fastest growing economies, Dubai’s gross domestic product is projected at USD 107.1 billion, with a growth rate of 6.1% in 2014. Although a number of core elements of Dubai’s trading infrastructure were built on the back of the oil industry, revenues from oil and natural gas account for less than 5% of the emirate’s revenues. Dubai’s non-oil foreign trade stood at $362 billion in 2014. Of the overall trade volumes, imports had the biggest share with a value of $230 billion while exports and re-exports to the emirate stood at $31 billion and $101 billion respectively. Dubai is also a hub for service industries such as information technology and finance, with industry-specific free zones throughout the city.
The fast growing economy of Dubai provides ample job opportunities to local nationals as well as expats. There are huge job opportunities across various industries such as civil, oil & gas, banking, IT, hospitality, medical, pharmaceutical and so on. Apart from the above mentioned industries Dubai airport and other infrastructure related services also provide ample job opportunities to job seekers. Dubai Shopping Festival is a yearly event in Dubai, It started in 1995, attracts a lot of visitors from worldwide to visit Dubai and get advantage of the sales during this festival. Added to this “Dubai is to host World Expo 2020”, huge preparations are going on throughout – new hotels are being constructed, infrastructure is being developed and job opportunities galore across many avenues.
Courtesy: Gulf Jobs