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Emirate of Dubai in the U.A.E. is one of the great success stories
internationally in the process of economic development. Traditionally
the trading hub of the Region, Dubai is now extending its success
into tourism and knowledge based industries. Testament to Dubai's
arrival on the international stage is hosting of the prestigious
IMF/World Bank meetings in September 2003.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice
President and Prime Minister of UAE and Ruler of Dubai, his vision
is to provide the best the world has to offer. In the pursuit of
excellence the Government has always looked upon the private sector
as full partners. With no personal corporate or sales taxes, foreign
direct investment has expanded strongly and mega projects have become
synonymous with Dubai's development. Within the residential property
sector it has been Emaar's master-planned communities that have
been a major contributor to Dubai's economic development.
Dubai's
strategic location is also a key element in its success. The heart
of one of the worlds richest regions, Dubai is located midway between
the Far East and Europe. Over 120 shipping lines and 100 airlines
connect to more than 140 global destinations. The award winning
Emirates airlines is ever expanding into new destinations.
Multi-national
companies increasingly see Dubai as the obvious choice for establishing
operations in the Region. Proximity to the Indian subcontinent not
only gives access to a market of over 1 billion people but the ability
to benefit from an increasingly talented and competitive labor supply.
The pursuit
of excellence has resulted in producing one of the best infrastructure
facilities in the world. State of the art telecommunications, reliable
power, modern schools and healthcare are all attracting an increasingly
multi-cultural and highly trained workforce. The Government projects
a doubling of population by the year 2010. Luxurious living, the
finest cuisine and world class shopping are now the hallmarks of
Dubai enjoyed by residents and visitors alike.
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