DIFC Corporate Brochure - Opus Private

DubaiThe region’s pre-eminent business hubOne of the world’s great success stories in diversified economicdevelopment, Dubai is the pre-eminent business hub in the region.A cultural and economic bridge between the East and the West, Dubaiis the fastest growing city in the Middle East. Several global companiesleverage Dubai as a strategic base to tap markets in the Middle East,North Africa and beyond.Its advanced infrastructure, visionary governance, multi-lingual humancapital, and easy access to the region between Western Europe and EastAsia have enabled it to attract considerable investments.Dubai leads the Middle East in business freedom and a host of economicindices. It is the place where new business paradigms are first acceptedand the latest technologies are first adopted in the region.Dubai has a well-diversified economy based on international trade,banking and finance, information and communication technology,tourism and real estate. In 2005, oil contributed less than 6% of Dubai’sGDP; down from around 50% in 1985 and 24% in 1993.By 2010, the share of oil in the economy is expected to be less than 1% ofGDP. Between 2000 and 2006, Dubai’s GDP grew by a cumulative annualgrowth rate (CAGR) of 13 % in real terms.The economic diversification is continuing with the establishment ofnew industries, private sector growth through acquisition and increasedregional integration.