There are countries that really benefit of their huge oil reserves. Here are examples of some famous areas where oil has generated a luxury lifestyle.
The United Arab Emirates has the world’s 7th largest oil reserves. The country is also a high income economy with the world’s 19th highest nominal GDP per capita. Due to its high oil and gas reserves, the Emirates has been able to build the world’s tallest tower that rises to over 800 meters in the skyline of Dubai.
Besides the Burj Khalifa tower, Dubai is also known for the world’s only seven star top-end hotel, the Burj Al Arab. On the hotel’s helipad above 210 meters from the ground, they have arranged some great stunts including Tiger Woods teeing off as well as Andre Agassi and Roger Federer playing tennis. In another Emirate city, Abu Dhabi, the Yas Marina circuit organizes its annual formula one grand prix in area with hotels and a Ferrari Theme Park.
The world’s richest country per capita Qatar has become one of the world’s largest centers in finance and education. The country’s 25 billion barrel oil excess has enabled it to build a beautiful skyline in the capital of Doha. Qatar is also know for Al Jazeera Networks‘ headquarters as well as organizing the 2022 FIFA World Cup.
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Tuomas P. // SMC Editor