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Reply to "Oil in Dubai: History & timeline"

Prashad posted:

In 2008 Dubai became flat broke during the great recession in the USA .  They had to be bailed out by Abu Dhabai.

BTW, Abu Dhabi is the capital. It was in 1971, that they started to rebuild. You should see the massive buildings and construction that is going on. Real Estate development is the hub of any economy. They are boasting of the highest building, the largest airport is in progress. You should see the deep water harbour and the activities. The roads and streets are well maintained; well they have the materials. I passed by the refineries and cement factories, massive.

The place is very clean. There are heavy fines for littering. Crimes are very low, laws are very strict.

Prash, it seems like more than half of the inhabitants are from India, Pakistan, Bangladesh with majority of construction workers from Sri Lanka. Mina Bazaar reminded me of shopping in Mumbai and Varnasi. Even though heavily reliant on gas and oil, the Emirates are focused on tourism and foreign business.

Guyana needs to study how they are able to negotiate their oil exploration, and take control.

Mitwah
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