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Economic Development

Just about some forty years ago, Dubai, though already a leading trading post in those days, was a small town at the creek, with no drinking water, electricity or paved roads.  The old wind towers cast their majestic reflection in the still waters of the creek, as they still do. They are being preserved by the government as an important heritage relic of the past.  But today, the wind towers are not alone to mark the sky–line; towering columns in glass and steel that put to shame the most modern developed cities of the world; and in the gulf waters, the huge off-shore drilling platforms.

The location of the town at the mouth of the natural creek was exploited well by the discerning rulers.  Fleets of merchant dhows have been lining  its banks and sailing off far and wide to earn rich rewards from their dealings in silk, spices, pearls and gold for centuries. Then the  first  Off-shore Oil drilling platform was towed out to sea  heralding the economic boom that launched a medieval Dubai into the modern world.  The business that would create a city within a few years had begun to gather pace.

Increasing the depth of the  creek permitted larger vessels to berth and prevented silt formation in the shallow waters. Building wharves along the creek and opening up the economy allowed private participation in  economic investment.  Simplifying rules and procedures and encouraging single window operations for economic activities.  These were some of the preliminary steps initiated by the makers of modern Dubai, with a truly remarkable vision for the future.

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