The comparison of economics the UAE and Qatar
Economy of the UAE The economy of the UAE is one of the most rich and strong economics of the World. The main sectors of the economy are gas and oil production, tourism, reality, world trade. The Emirates have their own currency - Dirham.
Oil and gas production The production of oil and gas in the UAE takes the fourth place in the rating of the world’s oil-producing countries. Reserves of the gas are 5794 bn. cu. m. Reserves of the oil are 12330 mln. tons. Recently, special attention is given to the exploration of new fields. he main importers of oil emirates - Japan , countries of Western Europe , the United States.
Tourism The UAE is developing tourism actively (sightseeing, beach and shopping). Currently, the volume of tourist flow from Russia about a quarter of a million people a year. There is the biggest and expensive shopping center in the World – Dubai Mall.
Reality Thanks to the influx of cheap petrodollars and related cheap loans in the 1990 s - 2000 s in Dubai real estate market has grown rapidly. The country has become the country with the most expensive reality. Engineers are coming to realize the beautiful designs.
Economy of Qatar is rich country with good infrastructure. The main sector of the economy is gas and oil production and transport. The government is in ownership the main part of manufacturing plans. Qatar has problems with sweet water so there are big manufactures that does one.
Oil and gas production The basis of the economy of Qatar is oil and gas. This industry provides more than 55% of GDP, approx. 85% of export earnings and 70% of government revenues. Profits from the oil and gas industry has enabled Qatar to become a rich country with a modern, well-developed economic infrastructure and the level of per capita income, almost as Western Europe. Currently, the Government of Qatar has established a moratorium (tentative until 2014) to boost production of gas fields in the North. Causes - quality may decrease as a result of the active reservoir production and the risk of deterioration of relations with Iran, in whose territory part of the field.
Transport The length of roads in Qatar 1230 km. The total length of oil and gas pipelines reaches 2050 km. Most of the freight accounts for merchant fleet totaling 22 vessels of various types (displacement of more than 1000 gross tons each) with a total displacement of 525 thousand. Gross register tons. Major ports - Umm Said and Doha.
Conclusion We showed you economies of two eastern states. Every of them has strong and blank sides. Economy of the UAE has a lot of sectors that from one year to the next become stronger and more powerful. Emirates won’t have problems because of the depletion of energy resources. Qatar had big reserves of oil and due to what the country was able to develop the infrastructure. Of course economy of the United Arab Emirates is stronger but we hope that in the future Qatar also can boast a rich and developed budget.
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