Please enable JavaScript.
Coggle requires JavaScript to display documents.
British intervention did lessen hostilities - Coggle Diagram
British intervention did lessen hostilities
It was clear that something had to change
Enter Sheikh Rashid bin Saeed Al Maktoum.
, he decided to go on a bit of an infrastructure spending spree
To do this, the Sheikh took out big loans in addition to the money still coming in from the state’s maritime trading activities
He spent the money establishing private companies which then built electricity lines
telephone services, more ports and Dubai’s first airport.
Much of the development in Dubai and across the Emirates has been facilitated by the British government
with the Sheikhs to establish the region as a British protectorate in return for diplomatic concessions.
That is the London Gateway Port, a new deep-sea container terminal,
25 miles east of the city.
It’s one of the U.K.’s main links between London
and 90 other cities around the world
and yet it’s owned and operated by DP World, a company based in Dubai.
It was 1966 when the U.K. and Dubai relationship became increasingly lucrative
following the gulf state’s discovery of its first oil field.
When announcing the news however,
Sheikh Rashid said: The city though, wasn’t dependant on selling oil in order to thrive.
Instead the oil was used to fund Sheikh Rashid’s existing strategy of basing Dubai’s economy around trade, tourism and finance.
That decision now looks like a good one as the world increases its use of renewable energy
and moves away from a reliance on oil.
When announcing the news however, Sheikh Rashid said: The city though, wasn’t dependant on selling oil in order to thrive.
Instead the oil was used to fund Sheikh Rashid’s existing strategy of basing Dubai’s economy around trade
That decision now looks like a good one as the world increases its use of renewable
energy and moves away from a reliance on oil.
Dubai now has the world’s busiest airport for international passenger traffic, confirming its
position as a gateway to the East.
But it’s no longer just a stopover,
it’s also become a destination for millions of visitors.
The state’s vast infrastructure made this possible
but for many years it was largely unused.
Now with an ever more globalized planet,
Sheikh Rashid’s gamble of borrowing tens of billions
of dollars looks to have paid off having turned this once quiet backwater into one of the world's