Dubai maintained its importance as a trade route through the 1970s and 1980s the city of dubai has a free trade in gold and until the 1990s was the hub of a brisk smuggling trade of gold ingots to india where gold import was restricted today dubai has focused its economy on tourism by building hotels and. The economic changes that have transformed dubai into the city it is today dubai is an important tourist destination and its port jebel ali operates at the centre of the exporting trade in the middle east. The economy of the united arab emirates is the second largest in the middle east after saudi arabia with a gross domestic product gdp of 4032 billion allowing universities such as united arab emirates university or dubai school of government to build and disseminate expertise on the topic. The economy of dubai today is largely based on trading the governments vision for 2015 set out in the dubai strategic plan emphasises how diversification of the economy is the major strategic objective
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