The largest Emirate in the United Arab Emirates (UAE) is Abu Dhabi. This place enjoys the rank of the capital of this huge country. The highest ranking officials of the country reside here. The officials include every high ranking minister with the President being the key residents of Abu Dhabi. This city allures a lot of people from all across the globe. This resulted in it being the second most crowded city in the United Arab Emirates only after the Numero Uno Dubai in 2009. But with the way its economy and infrastructure are rising & developing, it is expected to surpass Dubai.Seeking some statistics & Abu Dhabi information, it was found out that approximately 860,000 people lived here in 2007. By the end of 2010, it is expected that this figure will reach the 2 Million mark. This certainly threatens Dubai to lose its number one position. It is also known for its huge oil reserves. This results in that it is enjoying the rank of one of the largest producers of oil. They are next to the hugely rich source of oil in the world, Saudi Arabia. The reserves of the oil resources here are enough to supply to the demands of the people till the year 2100.Apart from being rich in these non-conventional resources of energy, the Emirate is putting in efforts to shape up its financial services & is working in future directions. These include real estate, travel & tourism, restaurants & hotel, information technology, healthcare and other industries. This will help this country reach it’s never thought before progress rate and excel in every future endeavours the people of the country are thinking about. With these efforts, progress has been made in several fields of the industry today.
It has already made a mark for itself & has established a name that stands strong when it comes to foundation. The areas include steel, petroleum, construction & engineering. Especially in the field of construction, Abu Dhabi has emerged as a winner in every aspect. More & more construction companies are finding their base in this part of the world now. This helps in making it help a lot in developing every other day. This is one thing about Abu Dhabi that keeps it unique.In the era of the pre 20th century, Abu Dhabi or UAE (on a larger scale) was led by tribal leaders. Then, Abu Dhabi used to be a destination loved by pearl divers. Also, this place was famous for fishing. Later, the discoveries in the oil resources were made when the British departed the Persian Gulf in 1971. This marked as the independence of the United Arab Emirates.One thing that rises above all in the financial matters is the presence of oil in thick amount. Oil was discovered in 1958. Since then, everything has been written in gold. The rest is history. One more fact about Abu Dhabi which is peculiar is that Abu Dhabi enjoys the world’s highest per-capita level of sovereign wealth funds, approximately $1,000,000 per resident.Article Source: http://EzineArticles.com/6234924
