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Why Dubai

The Dubai Advantage
Dubai is a winning combination of traditional Arab business practices and the latest international trends. Most of the multinational corporations and large local conglomerates in Dubai are run by the best and truly global expatriates from countries all over the world.

Simply put, Dubai's success is also the success of globalization. From a time when Dubai's revenue, like that of other GCC countries, largely depended on crude oil, concerted efforts by an enlightened government have resulted in Dubai being promoted as a truly international business center and a tourist destination.

From a time when almost half of its revenues were oil-dependent, the share of oil today has gradually reduced and is expected to come down to just 1% by 2010.

Today, thanks to the vision and leadership of the rulers, Dubai has emerged as one of the fastest growing metropolises in the world, with diverse opportunities in varied sectors.

This fast growing economy ranks amongst the most modern cities of the world. Tourism is the fastest growing sector with the number of tourists expected to increase from 5 million in 2003 to 10 million in 2009. It is a market, which has a calculated per capita income of more than US$ 19,000 and a GDP of $1.1 trillion. Dubai is a shopper's paradise. With the most modern and largest shopping malls in the world, the Retail Industry is one of the biggest.

In many ways, Dubai has crafted for itself the role of a major regional hub. Its excellent living standards, multi-cultural society, and outdoor lifestyle have endeared it to the growing fraternity of global managers.

There are other attractions too for businessmen. There are no income or corporate taxes, no restrictions on repatriation of capital, and the Government of Dubai displays a strong pro-business sentiment. No less than 169 of the Fortune 500 companies have established a base in Dubai. It is also the worlds third largest re-export center.

There are numerous, specialized, economic free zones that dot the city: Dubai Internet City, Dubai Media City, Knowledge Village, Dubai Logistics City, Dubai Biotechnology Park, Dubai Metals and Commodities Center, the Health Care City and Dubai Outsourcing Zone lead the list. Dubai International Finance Centre (DIFC) is a huge initiative that requires special mention. This free zone attracts the leading financial services companies from all over the world.

All this means a whole range of opportunities for the professional with the right knowledge and skills. Further, for a student of management, there couldn't be a better location to launch a global career.

What makes Dubai and Singapore the Preferred Destinations for Management Studies
Both these cities have highly developed financial and services sectors, which create huge growth opportunities for international business. In terms of infrastructure, they are second to none. They have a clean, safe and multi-cultural environment. As a result, they end up being destinations of choice for some of the most qualified professionals from around the world. The spectacular growth in the financial sector fuels the growing need for talented management professionals for managing international finance. Leading banks and global investment and private banking firms are making Dubai and Singapore important destination, and finance professionals will be in demand. Malls and Retail chains will need well-qualified managers to professionally run retail and marketing operations. Multinational corporations, especially FMCG companies and the rapidly evolving services market, comprising the hospitality, tourism and airlines sectors, will need qualified professionals to maintain international standards of service. In a wire free world, there will always be a constant demand for professionals in telecom and IT. Both Singapore and Dubai, as the world's foremost re-exporting centers, also offer a surfeit of opportunities in Global Logistics and Supply Chain Management.

Know more about Dubai

• www.dubai.com
• www.godubai.com
• www.dubaitourism.co.ae
• www.dubaicityguide.com
• www.khaleejtimes.co.ae

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