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%.
Italy’s isn’t dependent on pasta though. Dubai is dependent on oil.
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
Dubai isn’t dependent on oil. Oil makes up 30% of the UAE’s economy and an even lesser percentage of Dubai’s specifically.
Oil and the pearl trade made Dubai rich, but they managed to escape this dependency.