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Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
The GCC area is the most popular destination for temporary labour migrants worldwide. [6] The UAE's economy is the largest consumer market in the Middle East and is one of the largest Arab economies, second to Saudi Arabia. Its natural resources made it one of the world’s richest high (high-average income) countries.
Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. [4] In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. [5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai.
The Microsoft sign at the entrance of the Dubai Microsoft campus, Dubai Internet City Dubai Maritime City, Dubai under construction in 2008. A free zone authority is a designated economic area governed by its own set of regulations, which differ from those applicable to businesses outside the zone.
Bayt.com was founded in 2000 in Dubai. [6] In 2001, the Arabic version of Bayt.com was launched [7] [8] Later, in May, the company opened three offices: Abu Dhabi, Riyadh, and Eastern Province.Bayt.com opened 2 more offices located in Kuwait and Bahrain to expand of the region's employment market, and in May of the same year, the Jeddah office was opened [9] In October 2002, Rabea Ataya, CEO ...
The Dubai government has denied any kind of labour injustices and has stated that the watchdog's (Human Rights Watch) accusations were misguided. [9] Towards the end of March 2006, the government announced steps to allow construction unions. UAE labour minister Ali al-Kaabi said: "Labourers will be allowed to form unions."
The United Arab Emirates is a high-income developing market economy.The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023.
Industrial Area Area (hectares) Remarks 1 Ras Al Khor Industrial Area: 661 hectares 2 Al Quoz Industrial area: 1,838 hectares 3 Al Safa area: 20 hectares Only for consumer food and production stuff. 4 Al Khubaisi Area 102 hectares 5 Um Ramool Industrial Area 391 hectares 6 Al Qusais Industrial Area: 545 hectares 7 Jebel Ali Industrial Area: 84 ...
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