A Look into UAE’s Richest People Lives

A Look into UAE’s Richest People Lives

A Look into UAE’s Richest People Lives

A Look into UAE’s Richest People Lives , Some people just like to flaunt their money. Who wouldn’t buy a lion for a pet if you could afford it?

While Europe was flailing in the midst of a Recession, the United Arab Emirates has been making economic waves globally. It’s an area of the world made up of the seven Emirates – namely Abu Dhabi, Sharjah, Dubai, Fujaraih, Ras al-Khaimah, Umm al-Qaiwain and Ajman. The UAE borders Qatar to the west, Oman to the East and North, and Saudi Arabia to the south; the largest and probably most well-known emirate is Abu Dhabi. A large portion of the UAE is a desert, and the rest of the country is made up of rocky mountains and plains. The UAE has been gaining attention and recognition for its large annual trade surplus, high per capita income and an open economy. In recent years, it’s seen a transformation into a modern nation with an enviable economy – helped significantly by oil resources.

Over the years the government, investors and residents have tried to diversify their economic activities to reduce their reliance on oil and gas output, though, and as a result the UAE is growing to be an industrial hub, a commercial real estate dream and even a popular spot for luxury tourism. The country’s tourist industry has increased thanks to its world-class facilities, beaches, intriguing traditional culture and a stable political environment. Skilled Western workers like teachers and doctors are even relocating to the UAE with the lure of much higher salaries than they’d receive in their home country. The UAE’s Gross Domestic Product was approximately $360 billion in 2011 and it’s got an oil reserve of about 97.8 billion barrels.

The government is channelling a huge part of its expenditure to infrastructure expansion and job creation to attract private investors and the population is increasing at a rapid rate. A rich history and culture pervades the Emirates, and the cultural symbols of the people of UAE are the falcon, Arabian horse, coffeepot, date palm, camel and pearling boat. These represent a community that struggled with harsh, unforgiving climatic conditions but now enjoys huge prosperity. Given the huge resources in the UAE, the leading Emirati business people have frankly mystifying wealth. We’ve taken a look at the five richest people in the UAE, to truly contextualise the huge wealth in this fascinating part of the world.

A Look into UAE’s Richest People Liveshttp://i0.wp.com/plexusworld.com/wp-content/uploads/18-excentricidades-dubai-imagenes-multimillonarios-fress-fressco1-750x403.jpg?fit=1024%2C1024http://i0.wp.com/plexusworld.com/wp-content/uploads/18-excentricidades-dubai-imagenes-multimillonarios-fress-fressco1-750x403.jpg?resize=150%2C150 angelsujimeena Old Article,,
A Look into UAE’s Richest People Lives , Some people just like to flaunt their money. Who wouldn’t buy a lion for a pet if you could afford it? While Europe was flailing in the midst of a Recession, the United Arab Emirates has been making economic waves globally. It’s...
<div id="stcpDiv"> <b>A Look into UAE’s Richest People Lives , Some people just like to flaunt their money. Who wouldn’t buy a lion for a pet if you could afford it?</b> While Europe was flailing in the midst of a Recession, the United Arab Emirates has been making economic waves globally. It’s an area of the world made up of the seven Emirates – namely Abu Dhabi, Sharjah, Dubai, Fujaraih, Ras al-Khaimah, Umm al-Qaiwain and Ajman. The UAE borders Qatar to the west, Oman to the East and North, and Saudi Arabia to the south; the largest and probably most well-known emirate is Abu Dhabi. A large portion of the UAE is a desert, and the rest of the country is made up of rocky mountains and plains. The UAE has been gaining attention and recognition for its large annual trade surplus, high per capita income and an open economy. In recent years, it’s seen a transformation into a modern nation with an enviable economy – helped significantly by oil resources. Over the years the government, investors and residents have tried to diversify their economic activities to reduce their reliance on oil and gas output, though, and as a result the UAE is growing to be an industrial hub, a commercial real estate dream and even a popular spot for luxury tourism. The country’s tourist industry has increased thanks to its world-class facilities, beaches, intriguing traditional culture and a stable political environment. Skilled Western workers like teachers and doctors are even relocating to the UAE with the lure of much higher salaries than they’d receive in their home country. The UAE’s Gross Domestic Product was approximately $360 billion in 2011 and it’s got an oil reserve of about 97.8 billion barrels. The government is channelling a huge part of its expenditure to infrastructure expansion and job creation to attract private investors and the population is increasing at a rapid rate. A rich history and culture pervades the Emirates, and the cultural symbols of the people of UAE are the falcon, Arabian horse, coffeepot, date palm, camel and pearling boat. These represent a community that struggled with harsh, unforgiving climatic conditions but now enjoys huge prosperity. Given the huge resources in the UAE, the leading Emirati business people have frankly mystifying wealth. We’ve taken a look at the five richest people in the UAE, to truly contextualise the huge wealth in this fascinating part of the world. </div>