Dubai Economic Miracle: 1950 To 2021 - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Dubai Economic Miracle: 1950 To 2021 (1006 Views)
| Dubai Economic Miracle: 1950 To 2021 by galaxylauncher(op): 10:52am On Feb 06, 2021 |
https://www.youtube.com/watch?v=bJIMDsW14OY The economic miracle of the United Arab Emirates is unrivalled and is now ranked among the secure and stable economies offering one of the most sought-after investment destinations on the planet. The Gross Domestic Product, or GDP, of the nation leapt to Dh1,248 billion by the end of 2011 from Dh6.5 billion in 1971, and is on track to grow by four per cent in 2012 defying global headwinds. Thanks to an aggressive diversification strategy envisioned by the leadership, oil that constituted 70 per cent of the UAE’s economy in 1971, currently accounts for just 29 per cent of the GDP. “Concerted efforts to diversify the economy and a policy of openness adopted by the UAE’s leadership have been the prime drivers in establishing the UAE as the second-largest Arab economy,” says UAE Minister of Economy, Sultan bin Saeed Al Mansouri. The country’s nominal GDP for the first time crossed the Dh1 trillion mark in 2010 and currently the GDP per capita is Dh174,000 per annum. According to forecast, the economy is on track to grow by four per cent in 2012 despite the headwinds posed by the eurozone woes and general bleak global prospects. Over the past four decades, the value of the UAE’s foreign trade went up from Dh13 billion to Dh1,737 billion in 2011 while the share of non-oil sectors in GDP rose from 30 per cent to 71 per cent. Lalasticlala
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| Re: Dubai Economic Miracle: 1950 To 2021 by aribisala0(m): 10:59am On Feb 06, 2021 |
galaxylauncher:Unrivalled? What economic miracle are we talking about beyond oil? If you are looking miracles look at China or South Korea that actually make things we buy What exactly is it that we buy that is Made in Dubai? |
| Re: Dubai Economic Miracle: 1950 To 2021 by Legalcriminal: 11:03am On Feb 06, 2021 |
aribisala0:Alaye chill na dem no make but dem use sense with what they have. What do you have to say about the country going backward despite having same oil with U.A.E |
| Re: Dubai Economic Miracle: 1950 To 2021 by yanabasee1(m): 11:04am On Feb 06, 2021 |
aribisala0:Exactly.... China is even more of a miracle.... A country whose land was made barren by nuclear power and now have methods of growing plants and feeding it's over growing population... China's economy is almost measuring up with that of America... |
| Re: Dubai Economic Miracle: 1950 To 2021 by galaxylauncher(op): 11:23am On Feb 06, 2021 |
aribisala0:Where's our own oil in Nigeria? |
| Re: Dubai Economic Miracle: 1950 To 2021 by aribisala0(m): 12:01pm On Feb 06, 2021 |
galaxylauncher:What has that got to do with this? Can you talk like a literate person Once again Can you tell us one product that is Made in Dubai or what the miracle is ? This thread is not about Nigeria If Nigeria wants to progress UAE is not our role model. We are a country of 200 million and our progress can only be based on Human development In that respect even in our dire situation we are ahead of UAE and have nothing to learn from them |
| Re: Dubai Economic Miracle: 1950 To 2021 by FOXDOSSIER: 7:00am On Feb 07, 2021 |
Very good galaxylauncher: |
| Re: Dubai Economic Miracle: 1950 To 2021 by StaffofOrayan(m): 7:10am On Feb 07, 2021 |
Hehehe If Buratai, Atiku or Aisha Buhari hear all these nonsense wey you dey talk about Dubai dem go vex o! A desert becoming where your elites wish to die, if that is not a miracle, I don't know what is! aribisala0: |
| Re: Dubai Economic Miracle: 1950 To 2021 by aribisala0(m): 11:46am On Feb 07, 2021 |
StaffofOrayan:you cannot know more than your brain |
| Re: Dubai Economic Miracle: 1950 To 2021 by BigSarah(f): 11:59am On Feb 07, 2021 |
Did someone just say Nigeria is ahead of UAE? Please explain how! |
| Re: Dubai Economic Miracle: 1950 To 2021 by Sam0(m): 12:33pm On Feb 07, 2021 |
Funnily Dubai is just like a state yet its more popular even more than the country itself |
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