DUBAI FACTS – A DEVELOPING ECONOMY

Last year 4 million tourists visited Dubai.

Planned 15 million tourists by 2010 per year.

Plans to increase Airport capacity at Jebel-Ali to 60 million passengers a year. This will make it almost as busy as Heathrow Airport.

Dubai houses over 3,000 multinational & regional corporations in its 15 free zones.

Significant & growing proportion of Fortune 500 companies located in DIFC.

Dubai is moving towards the direction of being the Hub for the whole of Middle East: Financial Hub – DIFC, Business Hub – DIC; DMC; IMPZ; Tourist Hub – Dubailand; Dubai World Cup; Desert Classic Golf Open

DIFC FACTS To maintain this fast-paced developing infrastructure & economy Dubai must create a financial platform for itself. It’s a must because:

The current regional market doesn’t have the capacity to support Dubai’s economic growth plans & the flow of foreign capital.

It will provide a link with other international Stock Markets – London; Hong-Kong; New York

DIFC’s aim is to repatriate $1 trillion currently being spent outside the Middle East.

Local companies need finance to compete internationally.

This will create new employment & demand for housing.