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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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