The Beginning of The Oil Era
In the beginning of the 1960s, the first oil company teams carried out preliminary surveys and the first cargo of crude was exported from Abu Dhabi in 1962. As oil revenues increased, the ruler of Abu Dhabi, Sheikh Zayed bin Sultan Al Nahyan, undertook a massive construction program, building schools, housing, hospitals and roads. When Dubai's oil exports commenced in 1969, Sheikh Rashid bin Saeed Al Maktoum, the ruler of Dubai, was also able to use oil revenues to improve the quality of life of his people.
Read more about this topic: History Of The United Arab Emirates
Famous quotes containing the words beginning, oil and/or era:
“The fear of the LORD is the beginning of knowledge...”
—Bible: Hebrew, Proverbs 1:7.
“I bade, because the wick and oil are spent
And frozen are the channels of the blood....”
—William Butler Yeats (1865–1939)
“It is not an era of repose. We have used up all our inherited freedom. If we would save our lives, we must fight for them.”
—Henry David Thoreau (1817–1862)