Today, Mirabaud Middle East boasts a full banking licence enabling it to propose an extensive range of financial products and services. We work in close collaboration with Mirabaud Securities in London to use our competencies to the benefit of mergers and operations. For us, Mirabaud Middle East represents a real gateway to the Middle East, India, Africa and Asia. This presence offers attractive opportunities for private and institutional investors interested in geographical diversification and the high growth potential of these markets.
The Arabic name for Dubai, Al Wasl, means connection. The name seems pre-ordained for this city boasting more than 1 million inhabitants which has become an essential crossroads between North and South, East and West. The name aptly reflects the intense commercial activity of the region.
Emirates Airlines, the leading airline company in the Middle East, boasts the quickest growth in the sector worldwide. Every year, Dubai International Airport welcomes 70 million passengers, making it the leading airport in the world in terms of the number of international travellers. The terminal can host twenty six Airbus A380 planes simultaneously.
This means of transport is experiencing the same rapid growth, as the Port of Dubai has now become the third largest port in terms of global commercial traffic. Built in 1979, the Port of Jebel Ali, covering an area of 350 hectares, is the largest artificial port in the world; it can welcome some 15,000 ships a year. A genuine commercial gateway for freight arriving in the Middle East, Africa and the Indian sub-continent, the port provides access to a market of 2 billion people in the region.
Finally, the possibility for entrepreneurs to set up business in free-trade zones – 54% of the companies come from outside the Middle East – demonstrates that trade and business dynamics remain intact in Dubai.
Everything really began in Dubai in 1966, less than fifty years ago, when oil was discovered in Fateh.
Five years later, in 1971, the United Arab Emirates were founded with a view to strengthening the security and prosperity of the region. The very same year, Dubai International Airport sprung from the ground.
In 1979, the same year as the World Trade Center was built, it was the turn of the Port de Jebel Ali to see the light of day, becoming the highest skyscraper in the city at that time. This was the start of a series of ambitious, large-scale architectural projects.
The Emirates airline company was founded in 1985 at the same time as the free-trade area, which would quickly help to attract foreign investors.
In 1999, Burj Al-Arab was inaugurated, the only seven-star hotel in the world.
In 2002, numerous projects were launched including the tallest skyscraper in the world and the creation of 200 artificial islands.
In 2010, the Hotel Burj Khalifa became the tallest man-made structure in the world, reaching a height of some 828 metres.