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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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