Gulf Tiger
The Gulf Tiger or Arab Gulf Tiger is a nickname used to describe the period of rapid economic growth in the city of Dubai. The boom that Dubai has been experiencing since the 1990s is still going on, transforming the city from a desert village to a world class economic hub.
Characteristics
The city of Dubai is the second most prosperous emirate of the United Arab Emirates, after Abu Dhabi, and with a cosmopolitan population of 1.6 million.
Dubai shares a range of characteristics with other
Diversification
Dubai's oil production dropped steadily from an all-time high of 450,000 barrels per day in 1995 to less than 100,000 in 2005. But as the contribution of oil to
Economic development
Dubai attracts a great deal of
The demographics of the city have changed dramatically[when?], with Emiratis making up only 12% of Dubai, with estimates indicating the share dropping to 1% in 2020.[1]
See also
References
- ^ a b "Archived copy" (PDF). Archived from the original (PDF) on 2012-02-20. Retrieved 2009-01-13.
{{cite web}}: CS1 maint: archived copy as title (link)