Pearl fishing to a global economic power house
Storyboard Szöveg
- UAE
- From a cluster of pearl fishing villages to a global economic power house.
- Dimple Rajput4-C
- What is pearl fishing?
- Pearl fishing means fishing for pearls.
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- Over the last 20 years, the UAE's economic diversification program has led to the rise of several no oil industries ranging from financial services, real estate, air lines, hospitality, tourism, ports and logistics. The pandemic has highlighted the importance of digitalisation. Based on the World Economic Forum's Index on Information and Communications Technology, The UAE has made major progress in recent years, and ranks among the top 15 countries in the world. The UAE's 50 year growth story has been one of ambition driven by strong leadership and commitment.
- Pearl fishing was the major source ofincome. The history of pearl diving in the UAE have been happening more than 7000 years ago. The UAE was thriving off of the money made from the pearls. It is considered one of the UAE most treasure traditions. Divers were expected to tie a small stone to the bottom of there foot in order to sink to the bottom of the sea bed, and collect as many oysters as they could before their breath ran out. In many cases, they were even attacked by sharks. Pearl fishing provide a relatively good income.
- The discovery of oil in the UAE in 1958 changed the fortunes of the country for good. Oil was discover under an old pearling bed, Persian Gulf. Discovery of oil was the major trigger for the rapid economic growth of the UAE in the second half of the 20th century. The first cargo of crude was exported from Jabel Dhanna in the Emirate of Abu Dhabi in 1962.
- The economic transformation of the UAE since it's independence in 1971 stands as one of the most spectacular in the modern economic history of nation states. Going beyond the stunning economic growth, the country is fast emerging as a example for the world in all round human development ranging from science and technology, education, art and culture and tolerance. In 50 years the country has emerged from a sandy desert into a futuristic economic hub.
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