Question

BSE 301 Economy & Business in the GCC Answer the following questions: 1. Describe the economic development in the UAE in the tourism sector. 2. Analyze the foreign trade of the UAE. There is no limitation on words.

Answer 1

(1) Over the last three the last three decade Dubar has managed o become of the global hubs fore travel and tolarium. Today Dubal developed to one of the top destinations fore global treavellers and hat become a centre of attraction for leiwod and burineu velitora offering guest with a multifaceted destination Combining beaches, deurt, lux wy hotels shopping, entertaintment and a thriving buinen Centre. The City is in a unique population bare at only 2.3 million receivel leven times as many touriem annually. In Dubai fourciem hot played a Vital role in the growth of Dubai's economy and ill importance looks set to Continue. The planned opening of a raft of new the me parks and large preotects over the next few years, Coupled with the launch of a new airport for pallenger treatfic, Dubai world contreal, are excepted to help puch viritong numbers eren highere. Dubai is one of the most ennable cities in the region in teremo of leisure infrastructure. There are world-clau chopping maly, watere parens, beaches and hotels, all of. which have allowed the city to capture year. on-year touriem growth and mape it one of the most the world. a thactive deftinatione in

In recent year the middle Ealt keegion hal entored reapid grea with as a tourist As the force frant destination. of this greu with hot been Dubai, a state that has succenfully and dreamatically divertitued its economy into to wiem in oreder to reduce its ewnomic dependence on dwindiling supplies of oil. Despite this enccen, howevere little attention has been paid to touriem developement in general, and tourism planning preocenes in particulare, in Dubai In addresing this gap in the litereature, this papere explores tourerum Planning in Dubau in relation to the political economy at oil-rich reentier states Reviewing to wiem policy and preocenes in Dubai, it reveals that an apparent hybrid model of towriem planning has been adopted. However underlying control of touriem developement reflects the authoritarian political Structure in the emineate, pointing to potential feature challenges. 2) Foreign treade entoyed by the Emirate of Dubai is a wide network that Eupande to many Countrres of the world. Foreign treach reeflects the Commercial relation between the Emirates on Dubai and the rest of the world's countries along with the extent of developement of such relations which ariete in the establiehment of studies that develop thell relations.

Since independence the UAE has maintained on. open, free mareuet System with cloce lonus to the international economy. Höstorically the UAE's preime industries were peatling and fishing. Since the discovery of oil in the 1960 e, the federe ation's closest treading partners have been industrialized nations in Europe and Asia. Primarcily freance, Germany Great Britain, Italy, Japan, India, and South Korea. The UAE euchanged Crude oil fore machinery caref, tramporefation, equipment, and food Tapan il critical since il mually accounte fore a third of UAE Petroleum exporch, the Ela estimated that so percent of the UAER Creude oil exporche en 1999 went to Japan and othere eart Arian Countries. The UAE'R modern infrastructure and port facilities also have allowed it to serve as an important re expert and transportation hub, particularly for lean teho through Dubart. Finally erstwhile GCC-ally Saudi Arabia fought hand- but ultimately failed - to steal the UAE'R Share of the Japanere petroleum market throughout the late 1990%.