This Is How Nike Became Famous Essay

9653 Words Mar 21st, 2013 39 Pages
REV: MAY 24, 2007


Dubailand: Destination Dubai
The biggest war that any country can engage in is that of development. Although it is a long and costly war, the number of soldiers increases instead of decreasing. So let’s take part in the war of development together, and let our victims be poverty, ignorance, and backwardness. — Sheik Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai1 Dubailand, designed to be the world’s largest amusement park, was rising out of a stretch of desert near Arabian Gulf. As envisioned, the complex would cover three times the surface of Manhattan, or 45,900 acres, and nearly 5% of Dubai, a tiny emirate on the Arabian Gulf with population of one million. In addition
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In accordance with the UAE constitution, each emirate owned its oil reserve and production, and each could decide whether to join the Organization of the Petroleum Exporting Countries (OPEC) or not. While Abu Dhabi—the largest of the seven emirates—participated in OPEC and abided by its quotas, Dubai did not.
Nonoil sectors of the UAE economy made up more than two-thirds of the gross domestic product (GDP); however, the decline in oil prices in 1997 and 1998 led to a 5% drop in GDP. To curb emirates’ reliance on oil and gas exports, the federation government invested in other industries, such as tourism, finance, aviation and telecommunications (see Exhibit 5). Of course, it was oil production that helped maintain the development momentum of other industries.11

b The seven cities were: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaima, Sharjah and Umm Al Quwain. c 1 US Dollar = 3.67370 Utd. Arab Emir. Dirham; 1 Utd. Arab Emir. Dirham (AED) = 0.27221 US Dollar (USD), Jan 27, 2006.

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