Dubai’s Sources of Revenue
It is the city that has the highest skyscraper in the world, the biggest mall in the world, and they have the only hotel in the world that is rated as a seven star hotel named Burj Al Arab. It is listed in the top ten cities with most visitors and has an unimaginable amount of oil, it is Dubai. Dubai is one of the 7 cities that make up the country United Arab Emirates, it is located on the Persian Gulf coast. The seven cities in UAE are Abu Dhabi, Sharjah, Ajman, Fujairah, Ras al Khaimah and Umm Al- Qaiwain. Dubai is one of the most known cities in the world and not only because of the lifestyle it provides for its people or how beautiful it would be to visit it for holidays but also because it has billions of barrels …show more content…
Dubai took the chance of having a lot of oil and exported millions of barrels yearly, this has helped the city to develop and to be able to provide for its citizens a better life, for example, when Dubai started to export and receive money they were able to help their locals citizens to get married by providing them with startup money so that they can build their houses on a land that was also given for free or. As time passes by, Dubai tries to develop and by 1991 they were at their peak of oil exports in which they exported daily around 410,000 thousands of oil daily. “In February 1986, Dubai loaded its 2500th tanker offshore, and by 1988 the cumulative production had exceeded 2 billion barrels of oil, thus confirming Dubai Petroleum Establishment 's two principal fields Fateh and SW Fateh as being classified within the category of 'giant ' oilfields. 1990 marked another major success in Dubai Petroleum Establishment with the company 's first horizontal well drilled, allowing a greater section of the producing reservoir to be accessed.”("Dubai Petroleum." Dubai Petroleum. N.p., n.d. Web. 24 Nov. 2016.) .The fact that Dubai was able to produce that amount daily for exports is unimaginable, this has helped Dubai to start to provide
It is the city that has the highest skyscraper in the world, the biggest mall in the world, and they have the only hotel in the world that is rated as a seven star hotel named Burj Al Arab. It is listed in the top ten cities with most visitors and has an unimaginable amount of oil, it is Dubai. Dubai is one of the 7 cities that make up the country United Arab Emirates, it is located on the Persian Gulf coast. The seven cities in UAE are Abu Dhabi, Sharjah, Ajman, Fujairah, Ras al Khaimah and Umm Al- Qaiwain. Dubai is one of the most known cities in the world and not only because of the lifestyle it provides for its people or how beautiful it would be to visit it for holidays but also because it has billions of barrels …show more content…
Dubai took the chance of having a lot of oil and exported millions of barrels yearly, this has helped the city to develop and to be able to provide for its citizens a better life, for example, when Dubai started to export and receive money they were able to help their locals citizens to get married by providing them with startup money so that they can build their houses on a land that was also given for free or. As time passes by, Dubai tries to develop and by 1991 they were at their peak of oil exports in which they exported daily around 410,000 thousands of oil daily. “In February 1986, Dubai loaded its 2500th tanker offshore, and by 1988 the cumulative production had exceeded 2 billion barrels of oil, thus confirming Dubai Petroleum Establishment 's two principal fields Fateh and SW Fateh as being classified within the category of 'giant ' oilfields. 1990 marked another major success in Dubai Petroleum Establishment with the company 's first horizontal well drilled, allowing a greater section of the producing reservoir to be accessed.”("Dubai Petroleum." Dubai Petroleum. N.p., n.d. Web. 24 Nov. 2016.) .The fact that Dubai was able to produce that amount daily for exports is unimaginable, this has helped Dubai to start to provide