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The Dubai rulers being pragmatist pointed out that the oil boom will most likely not last for perpetuity and looked for alternate in order to keep the Dubai economy buoyant for good. This was and since the experts informed the present ruler Mohammed in no uncertain words that incase the manufacturing of oil continued at todays rate of four billion barrel a year, then the oil reserves would dehydrate by 2016. The rulers of Dubai thus formulated a to be able to attract foreign capital and build a ultramodern city and financial mainstay.They tapped foreign equity and loans for this purpose and succeeded to a good extent.

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Melting Pot of Cultures: Dubai contains people of virtually 180 Nationalities that come here function. This is becoming a phenomenon that in such a tiny city state, so a lot of different ethnic, social and religious backgrounds exist in peace and harmony. Exactly what a university diversity – No wonder, People label this truly Cosmopolitan City a Melting Pot of Countries!