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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. |