Renowned as the centre of the modern modern Arab world, Dubai is now the fastest growing city on earth ? largely due to a rapidly maturing, non-oil dependent economy and a government committed to liberal, free market, business-friendly policies.
Currently the emirate has 50% of the world's largest construction cranes working on projects worth over $100 billion. A figure equal to all foreign investment into the USA in 2005 and almost twice that of China, the world's third largest economy. and foreign investment equal to that of the USA in 2005 and almost twice that of China, the world's third-largest economy.
Dubai's economic diversification has been a startling success, with iconic property developments, free trade zones, new financial markets and tax free earnings for corporations and individuals, providing just some of the reasons for the city's dynamic growth.
The Emirate has earned a reputation as a must-visit destination and the best way to reach everywhere else. Last year Dubai attracted over six million travellers, and with an annual air passenger growth rate of 16%, the number of tourists is projected to reach 15 million by 2010.
GDP increased by a staggering 263% from 1990 to 2003 and continues to grow by 10% annually. More than 80% expatriate, the city's population is estimated at 1.5 million people and is also expanding at around 5% per year.
For such a vibrant economy to stay ahead of future demand, it is essential to build on the Emirate's existing transport, property and commercial infrastructure. As the population and inward investment increases exponentially, long-term strategic developments such as Dubai World Central will play a vital role in realising the Emirate's global potential and ambitions.