what are the changes occured after the discovery of oil in uae?
Answers
Explanation:
Discovery of oil on the territory of the Emirates prompted rapid growth of the UAE economy. Especially country began to develop rapidly after sharp rise in prices for “black gold” in 1973. Throughout 25 years the UAE has become a country with one of the highest living standards. Today, every fifth citizen of the United Arab Emirates is a millionaire. Government grants to the newlyweds 100 000 dollars for wedding and for each birth women are paid 20 thousand dollars and in addition land is allocated.
Due to profits from oil exports transport network has greatly improved in Dubai. Today the UAE may be proud of perfectly smooth roads, modern international airports and seaports. Development of oil industry in the country has also attracted foreign labor force - the proportion of foreigners in the country is more than two thirds of the total population. Huge investments are made in the construction sector and tourism - Dubai is famous for luxury hotels, restaurants, shopping centers. Also investment activity in the UAE is aimed at development of agriculture and various factories and enterprises, including power, which provides fresh water not only for the people, but also green spaces, gardens and agricultural fields.
Understanding that oil reserves in Dubai may soon be exhausted, today the government of the UAE has an active policy of economic diversification in the direction of free trade zones, tourism, finances and re - exports. And Dubai has achieved impressive results in it - a lot of companies from around the world opened in the UAE their subsidiaries, branches and representative offices and work successfully in this country.
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Answer:
Discovery of oil on the territory of the Emirates prompted rapid growth of the UAE economy. Especially country began to develop rapidly after sharp rise in prices for “black gold” in 1973. Throughout 25 years the UAE has become a country with one of the highest living standards. Today, every fifth citizen of the United Arab Emirates is a millionaire. Government grants to the newlyweds 100 000 dollars for wedding and for each birth women are paid 20 thousand dollars and in addition land is allocated.
Due to profits from oil exports transport network has greatly improved in Dubai. Today the UAE may be proud of perfectly smooth roads, modern international airports and seaports. Development of oil industry in the country has also attracted foreign labor force - the proportion of foreigners in the country is more than two thirds of the total population. Huge investments are made in the construction sector and tourism - Dubai is famous for luxury hotels, restaurants, shopping centers. Also investment activity in the UAE is aimed at development of agriculture and various factories and enterprises, including power, which provides fresh water not only for the people, but also green spaces, gardens and agricultural fields.
Understanding that oil reserves in Dubai may soon be exhausted, today the government of the UAE has an active policy of economic diversification in the direction of free trade zones, tourism, finances and re - exports. And Dubai has achieved impressive results in it - a lot of companies from around the world opened in the UAE their subsidiaries, branches and representative offices and work successfully in this country.
Explanation: