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UAE TodAy


To MaRk ThE 40Th annivERsaRy of iTs founDing, wE havE DEDiCaTED ThE opEning Two pagEs of gCC ToDay To ThE uaE.


The UAE turns 40, but life is just beginning


98


The number of oil barrels in billions that the uaE is proven to have, amounting to nearly 10 per cent of the world’s oil reserves.


in the course of world history, 40 years is a mere blink of an eye. kings and queens have reigned for longer, even wars have been waged for longer and yet the speed of development has been so breathtaking, it is hard to believe the uaE is still so young. The discovery of oil in abu Dhabi in the early 1960s was a


seminal moment for the seven emirates that would eventually form the uaE in 1971 and much of what has been achieved is undeniably on the back of this wealth. But the ambition and vision of the country’s leaders, from sheikh Zayed bin sultan al nahyan onwards, have been vital in driving the nation to a point where its gDp exceeded $300 billion in 2010. The list of achievements is constantly increasing and it cuts


across every sector. Emirates airline will become the world’s largest operator of wide-body aircraft by 2015; the abu Dhabi investment authority is one of the world’s biggest sovereign wealth funds; the country boasts the world’s tallest tower and the largest shopping mall; the Dubai international financial Centre is a major international financial hub; Masdar is a pioneer in the field of renewable energy and the country has become a venue for leading sports events from golf to f1. Last year, the government set out a vision to become one of


“the best countries in the world” by 2021. arguably, the dream could become a reality a lot sooner than that.


14 / DECEMBER 2011


69% 100


The percentage of the uaE’s gDp last year that foreign trade accounted for, according to the country’s Minister of foreign Trade, sheikha Lubna al Qasimi.


The area in square miles covered by ajman, the smallest emirate in the uaE, situated between umm al Quwain and sharjah.


76.51


The 2011 estimate in years of the average life expectancy in the uaE, according the Cia world factbook.


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