Case Study DUBAI DUTY FREE Discuss the economics of duty free shops.
Elaborate the history of Dubai and the reasons for the strategic shift from trade to tourism. Analyse the prerequisites for establishing duty free shops. Dubai was a colonization of fishing originally. A branch of Bani Yas's tribe of the oasis of Liwa directed by Maktoum's family that keeps on governing the emirate up to this day took possession of her in 1830.The traditional activities included the sheep's sheepherding and of the goats, the cultivation of dates, the fishing and the search just right. Besides, the inhabitants dedicated themselves to commerce.
At the beginning of the twentieth century, Dubai was known to have the biggest souks of the seaboard of the Gulf, with 350 stores at Deira's district only. The commercial success once
...the liberal attitudes was leagued of Dubai's monarchs attracted the tradespeople of India and They Will Go that they began to establish themselves at the growing city.But, while commerce developed, Dubai continued to be a protectorate of Great Britain as part of the statuses of truce that spread out politically through of the Northerner coast of the Arabian peninsula. After the British departure in 1971, Dubai got according to Abu Dhabi, Sharja, Ajman, Umm to the Quwain, Fujairah and ( in 1972 ) Ras to the Khaimah to create the federation of the United Arab Emirates.
This shortly after the discovery of oil, that introduced rapidly some changes at the emirate and your way of life, in 1966 happened. The first oil exports of Dubai in 1969 were followed by a period of fast development that put the foundations of the modern
society of today. This development belonged achieved to thanks to vision the last monarch, Your Real Highness Sheik Rashid bi-n Saeed to the Maktoum and his good performance of the incomes of Dubai's oil, in spite of being relatively modest regarding the standards of the region.Your work has been continued for the present-day monarch, Your Real Highness Sheik Maktoum bi-n Rashid to the Maktoum and your two brothers, Your Real Highness Sheik Hamdan bi-n Rashid to the Maktoum, Dubai's and Ministro's sovereign congressman of Hacienda and the EAU's Industria, and Your Real Highness the General Sheik Mohammed bi-n Rashid to the Maktoum, Crown Prince of Dubai and Defensa's Ministro of the EAU.
The result is that Dubai is rearing his infrastructure regarding transportation, the schools, the hospitals, the progresses of tourism and other amenities of an advanced society constantly.Making good use of Dubai's strategic situation, Mohidin Binhendi, free at the position that had cleared the DAY decided to establish a duty. He became one strategic point due to people's great transit. In addition to the commercial reasons, this new project served to generate bigger incentives for the tourists and it was an opportunity in order that Dubai promoted myself worldwide. DDF's sales have increased from their creation of 20 million dollars 380, becoming the third bigger duty worldly free.
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