Why is Dubai so Rich?

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If you look back just 50 years ago, Dubai wasn't exactly a place people would gladly visit, live or do business in.

However, Dubai nowadays is a wealthy, dream destination and lots of people are asking themselves: "Why and how did it become so rich?"

Contrary to what the majority might think, oil represents just a small fraction of Dubai's wealth. What is more important is their great geographical location - they are placed on a major trade route.

Also, they're taking full advantage of their resources in addition to being extremely welcoming to the foreign capital. In fact, almost anyone can go to Dubai and find a job or start a business there.

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Видео Why is Dubai so Rich? канала Nomad Capitalist