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This was the baseline for its economy. Then, in 1960s they found oil. That boosted them to becoming the highest per capita income generator of the world. They invested in capital, infrastructure and societal improvements heavily. It brought economic expansion to the entire Arab world. Even though oil and petroleum still dominate the industry, as it will last only for 3 decades, they are setting up SEZs to diversify aggressively. Leaders in Dubai are planning to setup a successful economic powerhouse before the last one runs out – a policy which has seen them ride the world economic scene through the years in the past...
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