Abu Dhabi - a shining example of an emerging economy Featured

Saturday, 12 November 2011 11:09 Posted by  The Editor
Abu Dhabi building tourism and business. Abu Dhabi building tourism and business. Pictures MayoToday.ie

Abu Dhabi, capital city of the United Arab Emirates, is one of the shining examples of the emerging Asian-Pacific states that will dominate the global economy in the coming decades. It's a truly amazing city built  in the desert over the past 40 years, thanks mainly to the UAE's enormous oil wealth.

On a recent short visit to see our daughter who is working in Abu Dhabi (just one of 2,000 Irish there at present), an island on the shores of the beautiful Arabian Gulf, I was hugely impressed with what the United Arab Emirates has achieved as a country in the 40 short years since it gained independence from Britian.

It has put its natural resources to the benefit of all its people, building health and educational facilities and state-of-the-art infra-structure such as roads,  offices, public amenities and telecommuncations that we can only dream about.

And before I am being accused of being an innocent abroad I am well familiar with the UAE's political structure and huge dependance on migrant labour.

But when you consider the UAE has built up a Sovereign Wealth Fund of over 1$ trillion, to date, and is looking to a future beyond its oil wealth - expected to last at least another 90 years - by investing in education, alternative energy and business and tourism sectors, it begs many questions about the Emerald isle and how we have reached this awful point in our history.

More on Abu Dhabi

More on the UAE.

 

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Sunset over Abu Dhabi in November.

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Abu Dhabi's impressive national theatre and cultural centre and the flag pole that was up until recently the world's tallest.

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Sheikh Zayed Grand Mosque in Abu Dhabi at sunset.

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Enjoying a stroll along one of Abu Dhabi's lovely beaches.

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Sheikh Zayed Grand Mosque in Abu Dhabi.

 

 

Last modified on Friday, 17 February 2012 00:26
The Editor

The Editor

The Mayo Today Editor.