United Arab Emirates, A developed Country

School-level
History
Grade 8

1. UAE, A Developed Country

2. What is Development? Development is the continuous improvement in the standard of living and the quality of life of the people in the country .

3. There Are Two Types of Countries Developed Countries Norway Australia Netherlands United States of America New Zealand Canada Ireland Liechtenstein Germany Sweden Developing Countries Afghanistan Albania Algeria Angola Antigua and Barbuda Argentina Armenia Azerbaijan Bahamas Bahrain Bangladesh

4. What is a Developing Country? A developing country, also called a less-developed country, also known as "LDC", is a nation with a lower living standard, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.

5. What is a Developed Country? Kofi Annan, former Secretary General of the United Nations, defined a developed country as follows. "A developed country is one that allows all its citizens to enjoy a free and healthy life in a safe environment.”

6. United Arab Emirates The United Arab Emirates (UAE) is situated in the Southeast of the Arabian Peninsula, bordering Oman and Saudi Arabia. In December 1971, the UAE became a federation of six emirates - Abu Dhabi, Dubai, Sharjah, Ajman, Umm al- Quwain , and Fujairah, while the emirate of Ras Al Khaimah joined the federation in 1972. The capital city is Abu Dhabi, located in the largest and wealthiest of the seven emirates. Since its Federation in 1971, the UAE has developed rapidly and is now noted for its modern infrastructure, international events and status as a trade and transport hub. It possesses among the highest per capita incomes in the world.

7. Economy The UAE is the Middle East’s second largest economy after Saudi Arabia and one of the wealthiest countries in the region on a per capita basis. The UAE is the eighth largest producer of crude oil and 18th largest producer of natural gas in the world, with January 2012 reserves estimated at 97.8 billion barrels and 6.09 trillion cubic metres , respectively (ranking eighth in the world for both commodities).

8. Economy The economy is dependent mainly on oil and natural gas but successful efforts at economic diversification reduced oil- and gas-based output to 25 per cent of GDP in 2011, while goods and services accounted for an estimated 87.5 per cent. Free trade zones attract foreign investors by offering full ownership and zero taxes.

9. Abu Dhabi Abu Dhabi Emirate, which has the vast majority of oil and gas reserves in the UAE, has made significant investments into the establishment of aerospace, nuclear power, defence , information technology (micro-processing), petrochemical and clean-tech. Abu Dhabi is also investing heavily in educational institutions, such as the Sorbonne and New York University campuses, and cultural and sporting attractions such as the Formula One racing track, Ferrari theme park, Louvre Gallery and Guggenheim museum, to diversify the economy away from oil and encourage tourism.

10. Unexpected! It is hard to imagine any other city in the world having developed a tourism industry as vibrant as Dubai's in such a short time. Before 1990, Dubai International Airport was always busy, but the majority of passengers were in transit. Now, millions of them each year stay in Dubai for their holidays, and the airport is even busier. In 2001 the state-of-the-art Sheikh Rashid Terminal opened to cater for the increase in passengers.

11. Dubai Before…

12. Present-Day Dubai

13. Dubai’s Boom Before the reforms, Dubai had no real estate market. Land was given out under a quasi-feudal system; all land was held by the sheikhs or by favored Emirati friends upon whom the sheikhs had bestowed parcels. Everyone else — including every foreigner — was a renter. With the 2002 reform, anyone could buy a home in Dubai — an opportunity with particular appeal to wealthy families in unstable countries nearby. Indian nouveaux riches seeking respite from the poverty at their doorsteps, and Russian oligarchs banking assets stripped from operations in their decaying motherland all poured cash into Dubai properties. With the unprecedented land reform in place, the global real estate consulting firm Jones Lang LaSalle touted Dubai, along with Dublin and Las Vegas, as its “World Winning City” for 2002. The report put Dubai on global investors’ maps alongside the better-known capital of the Celtic Tiger and the Mojave Desert outpost that was then the fastest-growing city in the world’s largest economy. All three cities experienced massive booms, but Dubai’s was the most explosive.

14. Dubai NOW… Dubai Emirate has diversified into the tourism, exhibitions, events, ICT, re-export and financial sectors. Taking advantage of its position near the head of the Gulf, it has consolidated its historical reputation as a regional entrepôt . Dubai has developed luxury hotels, large port facilities (including Jebel Ali) and a range of free trade zones to attract both manufacturing and services industries.

15. Summary A developed country is where the people are happy, educated, content with their lives where, the government is caring and always thinking for the betterment of it’s people and the country. We hope all countries can establish what UAE has and make the world a better place.

16. THANKS FOR WATCHING AND KEEP CLAPPING!