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The
region's continuing prosperity is mainly due to its
massive oil reserves , with Abu Dhabi possessing 95%
of the U.A.E.'s resources. About 2.4 million barrels
are pumped every day and experts predict that the
Emirate - the world's 10th largest oil producer -
has reserves for the next 200 years.
Abu
Dhabi also controls the largest share of the U.A.E's
gas reserves, with an increasing amount of natural
gas being processed for export. A huge investment
programme is underway to upgrade both oil refineries
and gas processing systems especially on Das Island,
from which liquefied natural gas is exported.
Historically,
the Emirate owes much of its wealth to pearls from
the Gulf, so it was fitting that the sea also yielded
the U.A.E's next precious commodity -"Black Gold".
Abu Dhabi continues to go from strength to strength,
with the ever increasing number of sky-scrapers dominating
the city's stunning skyline acting as testimony to
its success.
Traders and businessmen in the Abu Dhabi Emirate had
seen difficult days before the construction of Port
Zayed. Finding it impossible to enter the shallow
waters of the Abu Dhabi beach, the cargo ships used
to dock about 8km away from the coast and unload their
shipments on barges and small dhows which then transported
the cargo to the beach.
This
was a labourious and costly job for the importers,
exporters and the shipowners due to the high cost
of loading and unloading and the long periods that
ships had to stay out in the sea, particularly when
bad weather delayed the arrival of barges, and due
to slow handling process.
The
history of Mina Zayed (or Port Zayed) is the history
of the UAE Federation. The construction of this Port
started in 1968 in fulfillment of the directives of
His Highness Sh. Zayed Bin Sultan Al-Nahyan, in his
capacity as ruler of Abu Dhabi Emirate at that time.
However, the Port was officially inaugurated by His
Highness Sh. Zayed in 1972 in his capacity as the
President of the UAE.
Port
Zayed as the main gate of the Abu Dhabi Emirate to
the outside world extends valuable services to a wide
range of private and public sectors including the
shipping lines, shipping agents, importers, businessmen
and other port users.
The
unique location of the Port with its great potential
allows it to play a major role in the Gulf region
and the Middle East. The total area of the Seaport
is 510 hectares in addition to 1000 square meters
being the area of the Free Port. Port Zayed has presently
21 berths with individual depths varying between 9.5
and 15 meters, allowing the arrival of all types of
commercial trans-ocean ships.
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