Dubai is one of the world’s best known cities. It has led the region in terms of tourism and business becoming a hub for both.
Here’s a timeline of some of Dubai’s major business achievements.
1955: Dubai Creek is dredged
1959: Dubai Airport opens
1966: Oil is discovered in Dubai
1969: Dubai starts exporting oil
1975: Dubai Islamic Bank opens
1975: Arabtec Construction begins operations
1978: The Khaleej Times becomes the country’s first English language newspaper
1979: Jebel Ali Free Zone inaugurated
1980: Al Bayan becomes the UAE’s first Arabic language newspaper
1985: Emirates Airline established, Sir Maurice Flanagan KBE its first CEO
1989: The Dubai Desert Classic opens its greens to golfers
1996: The Dubai World Cup, the world’s richest horse race, is held for the first time
1999: Dubai opens its first oil refinery
1999: Dubai Internet City founded
1999: The Burj Al Arab is inaugurated
1999: The real estate market opens to non-GCC nationals
2000: The Dubai Financial Market opens
2002: Dubai International Financial Centre inaugurated
2003: Emirates makes the biggest order in aviation history, for $19 billion worth of aeroplanes
2005: DP World founded
2005: Dubai World Central announced
2007: Real Estate Regulatory Agency (RERA) founded
2007: Dubai Cares is founded, the charity raises more than $1 billion immediately
2010: The Burj Khalifa opens its doors
2010: Al Maktoum International Airport begins operations
2011: Driverless Dubai Metro begins operations
2013: Dubai wins the bid for Expo 2020
2014: The UAE Space Agency is launched with a mission to Mars is announced
2017: The Dubai Land Department becomes the first government entity to transfer all records on to Blockchain
2017: The prototype for Dubai’s flying taxis goes on show, it is announced that they will be available for use in 2022