As a great empire in the world that trans-European, Asia and Africa in the past, although the Arab countries were backward in modern times, the lean camels were larger than horses and still maintained their tenacious vitality in the Middle East. The oil produced in the Middle East made the royal families of many chief countries between the Arab Gulf and the Persian Gulf expand after World War II with the help of petrodollar wealth. Not only did they preserve their feudal throne, but they also completed the integration with modern society through a series of improvements and became one of the few royal families with real power. Kings of Saudi Arabia, Jordan and other countries in China were sighing at the royal family of European constitutional monarchy, which had long lost their administrative power and had become vases.

Among the oil kingdoms in the Middle East, besides the boss Saudi Arabia, the richest one is the United Arab Emirates on the Persian Gulf. Before discovering oil in the 1960s, the country only relied on seaport trade and pearl collection as its main business, and its people were poor. With the discovery of oil, the seven emirates along the coast became the world's top rich countries, formed a federal state in 1972, and domestic residents also rose sharply, becoming a wealthy class that countries around the world competed to win over.

However, among these seven countries, Dubai, the second-ranked one, is an outlier, because the country does not have much oil reserves. Experts have long announced that the country can extract oil for only twenty years. Although the UAE is famous for its abundant oil and natural gas reserves, the UAE's oil reserves are mostly in the territory of Abu Dhabi, the largest emirates. Abu Dhabi not only accounts for more than 90% of the country, but also accounts for 94% of the country's oil reserves. In comparison, the oil reserves of other emirates are limited, and Dubai is even more at the last place. However, it took only 20 years to grow into a world-famous fashion and luxury capital that can match Abu Dhabi, relying on the foresight of the generations of Dubai family leaders who ruled the place.

UAE late. Rashid, then chief of Dubai, proposed the goal of building a modern Dubai with great strategic vision, without seeking small profits in oil and wealth at hand. So Dubai opened a canal in the 1970s, trade in the 1980s, and tourism in the 1990s. By the new millennium, it has become the largest transfer center in the Middle East, a tourist shopping city and a gathering place for technological and network technology.

In the 1990s, after Rashid's son Maktoum succeeded to the throne, he further proposed the idea of ​​"when the second place is, he will starve to death" and proposed to open his chest to accept foreigners. Dubai, Dubai, needs to absorb the world's most advanced ideas, attract the best experts in the world, and of course, the world's funds and builders, and launch a series of "world's first" large-scale projects that attract the world's attention.

The Dubai government's policies on attracting investment are very relaxed, which is comparable to many old tax-avoiding places. For example, there is no foreign exchange control, free currency exchange, and capital and profits can be remitted back to the country by 100%; there is no need to pay business tax or income tax; the implementation of a low tax rate of 4%; there is no limit on goods quota for imports and exports, etc. When Hainan launched the "International Tourism Island", many policies directly refer to Dubai. Low tax rates and loose policies. Dubai naturally attracted businessmen from all over the country to invest and do business.

Dubai is located at the core of the Middle East. There are huge differences in the strict regulations of Islamic teachings and the freedom and openness necessary for tourism, which has become a huge obstacle to the development of many Middle East cities. However, in Dubai, this difference has not become a burden for urban development. The proportion of foreigners in the nearly 1.5 million Dubai population accounts for more than 80%.

As a multi-ethnic settlement, Dubai boldly broke through traditional Islamic teachings. In order to allow foreigners to live in peace, Dubai has portrayed itself into a completely open city. Let Arab traditions and fashion life live in harmony. An Yili sighed to Yang Xing that he saw with his own eyes that modern urban construction was in sharp contrast with people wearing traditional clothes on the streets of Dubai. Foreign fashionable girls in low-cut and exposed clothes passed by traditional women covered in black robes and did not disturb each other. Street rock music and mosque prayers coexisted, which was in sharp contrast to the conservatism of other Middle Eastern countries.

Islamic precepts prohibit alcohol, but in order to provide a familiar environment for foreign businessmen, Dubai even breaks regulations and opens alcohol bans in a timely manner, and even allows the establishment of alcohol. "Dubai is known as Las Vegas in the Middle East, and there is everything except casinos." An Yili praised Dubai's living environment. In his description, Dubai is a perfect example of the prosperous economy and Islamic control of social order. Dubai attaches great importance to public security. It can be said that it is the best place for public security in the UAE and even the Middle East. Tourists or foreigners in the resident can walk alone in the streets late at night without worrying about public security.

The good investment environment has laid the foundation for foreign investors to come one after another. With the strategic position of the Middle East Transportation Hub, Dubai, a small desert state with no resources, has grown by 230% in the past 10 years, of which oil revenue accounts for only 6%. Dubai has successfully achieved rapid economic growth without relying on the petrodollar. As the Middle East region has just risen and is also the most prosperous business and tourism center, today more than 700 billion US dollars of hot money flows into this city of opportunity known as the "New New York".

In order to shape the image of Dubai and increase its city reputation, the Dubai government has not hesitated to take external debts and established a number of sovereign fund companies. It has built a series of large-scale construction projects in Dubai with government credit as a guarantee. It has attracted many tourists and used these luxurious and exaggerated buildings to prove Dubai's wealth and enterprising ambitions to the outside world.

This began in 1994. In order to welcome the millennium, Dubai started to build a Boci Hotel, known as the most luxurious in the world. This hotel, which stands on an artificial island on the coastline, almost immediately became a landmark building in Dubai. Its self-proclaimed seven-star rating is two levels higher than the standard five-star rating of the world hotel, but almost no one objected, because everyone who has visited the hotel was amazed at the luxurious decoration inside, and spent a total of 40 tons of gold decoration, which was all the gold. It is no longer a simple hotel, but a popular Dubai tourist attraction. It is a pity not to visit the hotel in Dubai, and its unique sailboat shape and appearance have also made the world forget its name and directly called the Dubai Sailing Hotel.

Next, a series of engineering miracles such as the largest shopping venue in the Middle East, the World Trade Center, the world's largest indoor ski resort, and the Dubai Tower, which is under construction, claiming to compete for the throne of the world's tallest building in the future, have changed from drawings to reality in Dubai. Dubai people have proved their ambitions to the world through bold breakthroughs in future urban planning and architectural design and their imagination of trying. They will build Dubai into an international financial center comparable to New York and London.

The introduction of the "World Island" project that An Yili gave to Yang Xing was Dubai World Company, which once built the Seven Star Sailing Hotel, World Trade Center and Dubai Tower. According to the official introduction, Dubai World Group is a sovereign fund company controlled by the Dubai government. It is responsible for investing around the world, with its business scope covering highly diversified industries. The most important investment is concentrated in four strategic growth areas, namely transportation and logistics, shipyard shipping, urban development, investment and financial services.

The most well-known thing about Dubai World Company is that it has developed a series of urban iconic buildings in Dubai, such as the super luxurious Seven Star Sailing Hotel. The World Trade Center, which has decorated its luxurious exhibition halls in the style of various continents and major countries, and has always maintained a sense of mystery during construction. It wants to compete with Yang Xing for the world's tallest building in Hong Kong. The Dubai Tower, which looks like a tubular tower with a piercing the skyline, is the company's masterpiece. The "World Island" project that An Yili wants to jointly invest and develop is part of the "Palm Island" artificial island project that Dubai World Company recently launched and has been popular in major media around the world.

The idea for the "Palm Island" project came from the 1990s, when all the beaches in Dubai were developed and urban development encountered bottlenecks. To solve this problem, Dubai decided to build artificial islands outside the coastline, but Dubai people who liked to be innovative did not want to follow the rules and follow the general idea of ​​land reclamation, but came up with a bolder plan. They decided to spend $14 billion outside the coastline to create a pattern that can leave a deep impression on the sky - the palm tree pattern of the Middle East logo.

The Palm Island, which started construction in 2001, is one of the largest land transformation projects in the world. The island stretches 12 square kilometers and extends 5.5 kilometers into the Arabian Gulf. It has now been built most of it. If you look down at the Dubai coastline from a high altitude, you can see two huge palm trees floating on the blue sea. Carefully identify each branch of the palm tree, consisting of some staggered, large and small islands. The islands are covered with various sea-view villas. Even the circular breakwater on the outside of the palm tree pattern are densely covered with houses. Almost everyone will admire the bold creativity of the Dubai people when they see it.

The Palm Island project is composed of four artificial island groups including Palm Jumaira, Palm Alishan, Palm Dela and World Island. It plans to build 12,000 private residences and more than 100 apartments, as well as more than 100 luxury hotels and ports, water theme parks, restaurants, shopping centers and diving places. The Palm Island, which is still under construction, has attracted the attention of wealthy people around the world, becoming Dubai's most iconic residential and tourism project, and is known as the "Eighth Wonder of the World".

An Yili introduced that Palm Island real estate was sold out as soon as it was launched in May this year. Some properties were ordered on the map with just a piece of sea water. Although the price of the villas launched was as high as US$780,000 to US$1.4 million, there was still a shortage of supply. Even movie stars Brad Pitt, Angelina Jolie and famous star Beckham invested in the property. It was precisely because of this hot sales scene that he decided to go in and get a share of the pie.
Chapter completed!