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Tuesday, January 6, 2009
United Arab Emirates
United Arab Emirates - Is officially known as the United Arab Emirates. United Arab Emirates is an Asian Country and shares borders with Oman, Saudi Arabia, the Persian Gulf and the Gulf of Oman. The states of the Persian Gulf coast granted the UK control of their defense and foreign affairs in 19th century treaties. In 1971, six of these states - Abu Zaby, 'Ajman, Al Fujayrah, Ash Shariqah, Dubayy, and Umm al Qaywayn - merged to form the United Arab Emirates. The United Arab Emirates was originally formed from tribally-organized settlements. United Arab Emirates is becoming less dependent on natural resources as a source of revenue, petroleum and natural gas exports still play an important role in the economy, especially in Abu Dhabi. A massive construction boom, an expanding manufacturing base, and a thriving services sector are helping the UAE diversify its economy. Nationwide, there is currently $350 billion worth of active construction projects. Such projects include the Burj Dubai, which is slated to become the world's tallest building, Dubai World Central International Airport which, when completed, will be the most expensive airport ever built, and the three Palm Islands.
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