DUBAI— The rising financial Capital

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In an attempt to become the financial capital of the Middle East, Dubai, with its candid approach to business and integrated infrastructure, is attracting top-notch investors, advisors, entrepreneurs, investment companies, and global financial institutions. This is because, instead of concentrating on sectors like oil or construction, the highly commercial and urbanized city is focusing on strategically developing a financial center through the careful management and control of the business risks, supply, and demand of financial amenities, progresses of the financial ecosystem, as well as participation of domestic and international entities to nurture economic growth. The city is smartly adopting the “fundamentals first” approach to business.

In an attempt to become the financial capital of the Middle East, Dubai, with its candid approach to business and integrated infrastructure, is attracting top-notch investors, advisors, entrepreneurs, investment companies, and global financial institutions. This is because, instead of concentrating on sectors like oil or construction, the highly commercial and urbanized city is focusing on strategically developing a financial center through the careful management and control of the business risks, supply, and demand of financial amenities, progresses of the financial ecosystem, as well as participation of domestic and international entities to nurture economic growth. The city is smartly adopting the “fundamentals first” approach to business.

Most cities usually give prime importance to their businesses of capital goods, construction, and manufacturing. Dubai, on the other hand, has realized very early on that the glue that binds the aforementioned industries together is the financial service sector. In developing the financial service sector, this city has noted how important it is to have people with the proper mindset, ability, and qualification as the front-runners of this industry, and how essential it is to endorse and support this sector meticulously, in order to be successful as a whole. Hence, Dubai has been able to establish organizations like the DIFC, DMCC, etc. This assertion of focusing on the nitty-gritties of successful business and entrepreneurial capabilities has made Dubai’s transition from a metropolis to a heaving megalopolis an immaculate one, as it is gaining recognition as a world class hub of financial services.

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