What If Dubai run out of oil?
Dubai is a city full of greatness, galleries showcasing contemporary Arabic art, cozy teahouses, crowded souks filled with gold, spices and fine Emirati cuisine, through the sky like something out of Blade Runner, man-made islands, giant shopping malls, indoor ski, water parks, clubs and bars, desert, luxury hotels, fountain shows…
Well there’s a thousand things to do in Dubai.
12 Fascinating Facts About UAE ;
- The UAE Population Is 9.8 Million, Made up of 200+ Nationalities.
- The Official Language of the UAE Is Arabic.
- There Are Seven Emirates in the UAE.
- The UAE Is the World's Third Largest Oil Producer.
- The UAE Has the World's Highest Tower.
- You Won't Find a River in the UAE.
One of my favorite things about Dubai is the weather… it’s always summer. Best time to visit is during October-March, when temperatures are cool, surprisingly it only rains six days in Dubai !!
It is a city and Emirate in the United Arab Emirates. It is the most populous city In UAE.It is located in the south coast of the Persian Gulf and the capital of Emirates is Dubai. It is one of the seven emirates that make up the country. It is known for luxury shopping
It's important to note that, Dubai has been working on diversifying its economy for a long time, and it has been successful in many aspects, it has a strong tourism industry, a large real estate sector, and a growing technology sector. The city is also a major hub for trade and finance in the Middle East.
The government of Dubai has been actively working on diversifying its economy in recent years, but it still has a long way to go. The government has been promoting the development of new industries, such as renewable energy, technology, and healthcare, to reduce its dependence on oil.
It's worth noting that, the issue of oil dependency is not unique to Dubai, many countries in the region are facing the same challenge, and they are all working on diversifying their economy to create a more sustainable future.
If Dubai were to run out of oil, it would likely face significant economic and social challenges.
Oil's share in Dubai's GDP is less than 3% as of 2012.
One of the immediate impacts would be a decrease in government revenue. This would lead to a decrease in public spending, resulting in fewer jobs and less income for the population. The loss of oil revenue would also lead to a decrease in the value of the currency, which would make it more difficult for the government to meet its debt obligations
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