Oil production, which once accounted for 50% of Dubai’s gross domestic product, contributes less than 1% today.[4] In 2018, wholesale and retail trade represented 26% of the total GDP; transport and logistics, 12%; banking, insurance activities and capital markets, 10%; manufacturing, 9%; real estate, 7%; construction, 6%; tourism, 5%.
Don’t underestimate the
softal-dente-power Italian pasta projects across the globe.As for oil and Dubai: https://en.wikipedia.org/wiki/Economy_of_Dubai