Dubai’s economic transformation showcases a successful shift from oil dependency to a diversified, innovation-driven model. Today, petroleum accounts for only about 1% of the city’s GDP, a dramatic change from its earlier reliance on fossil fuels. Tourism now plays a major role, contributing 20% to the local economy. The city’s global appeal is anchored by attractions such as the Burj Khalifa, high-end retail destinations, pristine coastlines, and a renowned hospitality sector. Dubai’s evolution into a premier international travel destination reflects the power of long-term vision, strategic investment, and a commitment to sustainable economic growth through diversification.
Comments (1)