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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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