Dubai is constantly on the move, striving for greater heights and more facilities and comfort for its residents and visitors. Dubai is without a doubt a destination of the 21st century. Read any article about the fastest growing city in the region and it’s almost guaranteed you’ll see the words ‘ambitious’, ‘record-breaking’ and ‘staggering’. This meteoric growth has not gone unnoticed, and each year thousands of expats arrive to claim a slice of the action. It is strange to imagine that 20 years ago Sheikh Zayed... ... middle of paper ... ... of international business and services in the Middle East.
This paper aims to investigate ways which Dubai have used to attract globalization and develop their tourism industry. Dubai put tourism at the core of its economic development plans in order to diversify and strengthen its economy, while decreasing its dependency on fluctuating oil prices (Sharpley 2008). The plans have been successful; in 2007, non-oil revenues contributed to 63% of GDP, with Dubai contributing 29%, to the UAE’s total GDP. What is more surprising is that due to Dubai’s push to use tourism to diversify its economy, Dubai contributes over 80% of the non-oil related GDP in the UAE. Dubai is now considered one of the top tourist destinations in the world.
It is one of the most important tools for economic development. It has contributed a lot towards the development of the Indian economy in the following ways. a) Growth in the number of tourist every year: Tourism is one of the fastest growing industries all over the world. In India tourism has seen exponential growth
Growth of Dubai Intro: Thesis: The rapid growth of Dubai in recent years is mainly due to the history of the city, the discovery of oil, tourism and great business opportunities. Dubai has become one of the most popular and influential cities in the world due to these factors. Dubai is one of the most successful business hubs in the world in the present, as part of the UAE, but it was also successful in the past. Dubai was a popular business hub even before it was part of the United Arab Emirates. In the early 1900s Dubai’s market, which had 350 shops, was the largest market on the coast.
This also explains why the main exports are derived from the industrial sector. Currently, the government of Qatar is wor... ... middle of paper ... ...2022 Fifa World Cup. This not only will improve further more its standard of living, but it will make it a more tourist attraction. I think that Qatar’s economy outlook is very likely to increase sharply. Macroeconomically, this country is stable and growing.
They have been working in the best working conditions. AirAsia products have been of high quality and minimum complaints have been experienced. The company has been making high profits in the few past years according to the financial statements. Market analysis AirAsia Company has been operating with routes in an average of twenty countries and it is still expanding to different parts of the world.... ... middle of paper ... ...tive officer has received recognition in international and local wards and the company is doing well according to the published financial statistics. This is enough evidence that the company should be granted the loan and the bank should be confident with this company.
Figure 1 and Figure 2 respectively display the direct GDP and total GDP in Malaysia. Also, tourism in Malaysia creates many new jobs and employment opportunities in various industries including hotels, travel agents, airlines, restaurant and other passenger transportation services. According to World Travel and Tourism Council (2015), tourism has generated 1,770,000 jobs in 2014, which occupied 13.0% of the total employment, and by 2025, tourism is forecast to support 2,489,000 jobs. Table 1 below shows the number of employed persons in the tourism period. Due to the development of tourism in Malaysia, the number of employed people are also raised.Moreover, tourism in Malaysia has stimulated entrepreneurship, for example, the medical tourism.
The research question aim to answer that what made Dubai a successful model. In general, this paper aim to approve that is Dubai phenomena a successful model for development. Conceptual analysis Since 1970 Hussein Mahdavi an Iranian scholar was the first introduce the rentier state concept. He defined rentier state as a state that receives substantial rent from “foreign individuals, concerns or governments”. (Mahdavi, 1970) In the earlier time, when the oil discovered in Arab peninsula Hazem Balbawi and Giacomo Luciani were the first scholars applied the concept over Arab countries, they have written a book considered about rentier state.
Figure (2): International tourist arrivals and international tourism receipts in Yemen from 1995 – 2014. Tourism is a rapidly growing international industry, considered by many authors to be an effective tool to accelerate economic growth (Dritsakis, 2004; Durbarry, 2004), and in this study we try to represent the importance of tourism sector as the important source for national balance and its active role in development achievement with in contribute in surplus exchange and created job opportunities. In addition this study will show the tourism potential in Yemen and show how the government interested in this
Nonetheless, in terms of returns, the developed economies are the prime beneficiaries of tourism. US Major Industry: Economic Impact and Tax Revenue The United States tourism industry is very essential to the American economy as it is the largest service export and a source of employment (income) to millions of its citizens. As the world economy gradually recovers from the financial crisis, tourism is predicted to grow considerably in the next five years. Given the significant role played by the industry, the US economy will reap optimum benefits. Tourism also encompasses international travels to the US whether for business, educational, medical, leisure or even visiting friends and families staying in the federal republic.