Abu Dhabi. Oil-Rich Capital of the UAE - Summary

Summary

The video provides a detailed overview of Abu Dhabi, the capital city of the United Arab Emirates (UAE). It begins by discussing the city's history, noting that it was once inhabited by fishermen and pearl collectors, but transformed into a luxurious city in the 1960s when large deposits of oil were discovered. Today, Abu Dhabi is known for its modern skyscrapers, opulent shopping malls, large gardens, and green boulevards.

The city is home to nine percent of the world's proven oil reserves and five percent of the world's natural gas. It is also the headquarters of numerous oil companies, including the Abu Dhabi National Oil Company (ADNOC), one of the world's largest energy companies.

Abu Dhabi's population is growing rapidly, with a significant portion being foreigners, mostly from Europe and the US. The city is implementing the Abu Dhabi 2030 Economic Vision Plan, which aims to grow local professionals and replace 75 percent of managers and engineers with UAE nationals by 2030.

The city is known for its hot desert climate, with temperatures often exceeding 40 degrees Celsius in the summer. However, the city has made efforts to preserve its natural resources and maintain a green environment.

The video also highlights various attractions in the city, including the Karnich Promenade, the Emirates Palace Hotel, the Etihad Towers, and the Presidential Palace. It also mentions the Louvre Abu Dhabi, a museum that showcases artworks from around the world, and the Shakeside Grand Mosque, one of the largest mosques in the world.

The city is also planning to build the UAE's first official synagogue and a metro line. The video concludes by discussing the living conditions for foreigners in Abu Dhabi, noting that salaries are tax-free, but rent is high, and alcohol is restricted.

Facts

1. Abu Dhabi, the capital of the United Arab Emirates, was once inhabited by fishermen and pearl collectors. However, it transformed into a luxurious city in the 1960s when large deposits of oil were discovered.

2. Abu Dhabi occupies 87% of the entire territory it owns and 95% of the country's oil production. It accounts for about two-thirds of the roughly 400 billion dollar UAE economy.

3. The city features modern skyscrapers, opulent shopping malls, large gardens, parks, and green boulevards.

4. Abu Dhabi's greenery is maintained through two sources of water: desalinated sea water and groundwater.

5. The city was just a coastal town before the oil boom. The pearl industry thrived here until Japan began to cultivate artificial pearls.

6. Today, Abu Dhabi holds nine percent of the world's proven oil reserves and five percent of the world's natural gas.

7. The city has a full-scale industrial complex, including cement plants, pipe rolling plants, and building materials factories.

8. The population of Abu Dhabi is growing fast. In 2013, it was 921 thousand, and in 2018, it was already one million four hundred and fifty thousand.

9. The country is now implementing the Abu Dhabi 2030 Economic Vision Plan, which aims to grow local professionals and replace 75 percent of managers and engineers with UAE nationals by 2030.

10. The country has a hot desert climate and it never rains. The best time to visit the city is in the so-called winter season from November till March.

11. The city is very much spread out with most sites concentrated on the central part, Yas Island, and Zarya Island.

12. The city is making great efforts to preserve its natural resources such as mangroves and turtle nesting spots.

13. The city has a number of international schools, including government-sponsored New York University, Mazdar Institute of Science and Technology, and others.

14. The city is planning a metro line which will be 130 kilometers long and should be open by the end of 2020.

15. The city is also planning to build the UAE's first official synagogue as a part of the multi-faith Abrahamic Family House complex.

16. The city is planning to construct the world's largest mosque, the Shakeside Grand Mosque, which will be large enough to accommodate over 40,000 people.

17. The city is planning to build the world's most expensive painting in auction history, Leonardo da Vinci's painting Salvatore Mundi, which was auctioned for 450 million by Charlie's in November 2017.

18. The city is planning to invest 27 billion dollars into Saudia Island, where highly anticipated museums, including the Guggenheim Museum and Zayd National Museum, are on the way.

19. The city is planning to build the world's largest carpet, which will measure 1,600 square meters and weigh 35 times.

20. The city is planning to build the world's largest chandelier, which will incorpor