Why Is Dubai So Rich?
Subscribe! http://bitly.com/1iLOHml Dubai is so rich it has its own fleet of man-made islands, and the police force drives Ferraris. So how did Dubai, and the United Arab Emirates get so wealthy?...
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Dubai in the United Arab Emirates [EM-er-it] is home to the tallest skyscraper in the world. It stands almost 3 thousand feet in the air, and cost the city more than 1 billion dollars. On the ground signs of Dubai’s wealth are apparent, as the police patrol the streets in Ferraris, and Lamborghinis. So how did the Emirates, and Dubai in particular, get so rich? Well, the UAE is a federation of seven emirates, each ruled, in part, by its own Islamic monarchy. Historically the UAE has been a prime location for international trade. Situated at the mouth of the Persian Gulf, ships sailing around Asia and Africa made frequent stops there. In the late 1950s, large oil deposits were found near the UAE’s capital of Abu Dhabi, beginning a hugely lucrative o...
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Dubai in the United Arab Emirates [EM-er-it] is home to the tallest skyscraper in the world. It stands almost 3 thousand feet in the air, and cost the city more than 1 billion dollars. On the ground signs of Dubai’s wealth are apparent, as the police patrol the streets in Ferraris, and Lamborghinis. So how did the Emirates, and Dubai in particular, get so rich? Well, the UAE is a federation of seven emirates, each ruled, in part, by its own Islamic monarchy. Historically the UAE has been a prime location for international trade. Situated at the mouth of the Persian Gulf, ships sailing around Asia and Africa made frequent stops there. In the late 1950s, large oil deposits were found near the UAE’s capital of Abu Dhabi, beginning a hugely lucrative o...
