Any country in this world imposes various taxes on the people living there and runs their government with the money received in the form of taxes. However Dubai does not collect even a single rupee from the people. How did Dubai become one of the richest cities in the world There are oil reserves so they think they are making so much money from it. But that is not true because the income from oil in Dubai’s GDP is only 1% and how much money is coming to Dubai but how much money is coming to Dubai but the situation in the area is already very very bad. In fact despite the discovery of oil resources in Dubai in 1966 there was no immediate change in Dubai but in 1960. Due to some economic policies brought by a man who is the king of Dubai and the Dubai has become a wonderful city today. A desert area with no water to eat or drink. Today I am going to tell you who is the person who changed Dubai so much and what is the economic policy he brought. First of all whatever you want to understand about Dubai is a country a state or a city Just like India is a country United UAE is also a country. Just like there are states in India there are emirates in it. Dubai is also an emirate but Dubai is different from us. It means that no one should rule us we choose by holding elections and voting this is called democracy but it is not like that in Dubai. People from the same family rule the region continuously this is called autocracy which means that the people do not have the right to choose their own leader.
But what you need to know here is that Dubai was not a part of the UAE from before Dubai along with six other emirates came together to form a single country in 1971. Since 1802 Dubai was a small constitution in the middle of the United States. There were about 2000 people living there so all of them were trading with mats found in the sea as well as pearls. At that time, this was the main source of income for Dubai but in the 1930 oil results were revealed in Abu Dhabi a kingdom next to Dubai. The entire region will develop very fast but by then no oil resource has emerged in Dubai and along with this the major pearl business in Dubai has also slowly declined and in 1945 when a man named Sayyidwin Al-Mukah was the king of Dubai the border disputes between Dubai and its neighboring kingdom Abu Dhabi started. The two kingdoms also fought wars So due to this Dubai’s economy became weaker. On the one hand, Abu Dhabi was developing, but on the other hand the lives of the people in Dubai were deteriorating day by day. Many people migrated from Dubai to the surrounding areas because they could not find food. It has changed badly and because of him, Dubai which was a desert, has developed into a great city in the world today, but who do you think that person is He is Sheikh Rashid. Before becoming the king of Dubai in 1958 he traveled to many developed countries around the world but he finally understood that for a region to develop there must be infrastructure and Trade is very important
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So in 1958 Sheikh Rashid started developing the infrastructure there but one important thing that you need to know is that Dubai is naturally in a strategic location which means there is no shift by sea to Gulf countries in Iran Iraq Quaid Cutter and Saudi Arabia. It must go past Dubai, so let us see if Sheikh Rashid has built some important projects to cash in on this opportunity. Project Number One Dubai Creek Expansion Although there is a natural farm in Dubai, it is said that the sea flows into the ground like a river bed but due to the presence of this creek small boats come into the city and business develops there slowly. So Shekhar Rashid noticed this and wanted to increase the commercial activity in that area by bringing ships and vegetables, but this would cost a lot of money and Dubai did not have that much money at that time, so he strongly believed that if his planned project was completed income would increase and the area would develop in the future. Sheikh Rashid took loans of thousands of crores of rupees from abroad and completed this project but many people criticized him for how much money he spent on this project because the condition of the people living in Dubai was already very bad. It was revealed very early that money was being spent on development instead of investment that is due to the arrival of large ships to the Gulf countries, many companies sprung up in that area and commercial activity increased. Next Project Number Two Dubai Report If a seaport is built in Dubai,l all ships carrying material to Gulf countries will stop at Dubai seaports for fuel refilling,l repairs or material loading and unloading.
So exports and sports will increase there and the area will develop well. International Every area where there is a force will develop very fast commercially. Let me tell you some examples of this. Mumbai, Kochi, Chennai and Vizag. Through speed post, the areas with high commercial activities will develop very fast regardless of the other areas in the respective states. With exactly this ideology,l Sheikh Rashid started building a seat called Port Rashid in Dubai in 1960. It is not a common thing it needs a lot of money, but a miracle happened here in Dubai that isnin 1966 oil resources were discovered in Dubai but this is one kind of good news for Dubai. It is kind of bad news because the oil results in Dubai are very less compared to the surrounding areas but here Sheikh Rasheed thought very wisely and used the money coming from oil to develop infrastructure that is built seaports and buildings because crude oil is a non renewable energy source and it is something The day will end so it is not sustainable to govern or develop an area depending on it. By doing that as soon as the oil in the area runs out, the area will be left behind again. So what Sheikh Rashid did is that all the income from oil is used in projects that will not have any financial problems for Dubai even if the oil results in the future. He invested that is the money received from oil was used to develop infrastructure, sports and tourism, and as a part of that Port Rashid which he started in 1960, was opened in 1972 and as he thought because of that tide, all the ships going to the Gulf countries also came to Dubai and the trading activity there increased.
So after that, Shekhar again built another port in Dubai in 1979 Jabel Ali port is one of the biggest post so due to the increase in seaports, ships and trade also increased, but to increase this trading even more Sheikh Rashid took a revolutionary decision that is Jabil Ali portnwhich is the largest port in Dubai. Announced as a tax free zone means that there are no import and export taxes on any goods brought in or taken out from that port. But many people opposed his decision because after spending so much money and building supports, Dubai will suffer if they do not earn income in the form of tax. Dubai has become a favorite place to send their goods to the middlelist countries due to which companies from many countries have invested thousands of crores of rupees in Dubai and built their offices and given jobs to people there. Problems come so when our cars or bikes have a problem how do we take them to a mechanic shed, also the place where ships are repaired is called drives, but in Dubai, four largest drives that can handle the world’s largest ships have been built. Next, another important project started by Sheikh Rashid is Airlines Sheikh Rashid. His son worked under him as incharge of Defense and Civil Aviation while Shekhar focused on documents, Sheikh Mohammed focused on the airline industry and established a company called air Emirates in 1985 with the help of Pakistan which is currently one of the largest airlines in the world. Tourism but there are no tourist locations in Dubai except for the sand dunes that have been created by nature, so to attract tourists to Dubai they have built artificial islands along with Paisal Hotels and seven star hotels, so if you notice everything is artificial except for the sand dunes in Dubai. are built as
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