{"id":4940,"date":"2018-07-16T10:59:27","date_gmt":"2018-07-16T10:59:27","guid":{"rendered":"https:\/\/www.branex.ae\/blog\/?p=4940"},"modified":"2021-07-15T13:39:41","modified_gmt":"2021-07-15T13:39:41","slug":"oil-in-uae-is-running-out","status":"publish","type":"post","link":"https:\/\/www.branex.ae\/blog\/oil-in-uae-is-running-out\/","title":{"rendered":"Oil in UAE is Running Out: It\u2019s Time Emiratis Prepare for a Brave New World"},"content":{"rendered":"

Black gold!<\/strong><\/p>\n

It\u2019s the backbone of billions of lives.<\/p>\n

Warms up in the houses we live in. Helps us grow and prepare our food. Fuels the cars we drive and propels us through the soaring sky.<\/p>\n

It\u2019s undoubtedly one of the most important commodities in the world.<\/p>\n

But what if it disappears?<\/p>\n

What will happen to our world? Our food? The comfortable lives that we live?<\/p>\n

It\u2019ll be the beginning of our worst nightmare. Soon the UAE will run out of this once-abundant resource.<\/p>\n

Way back in 2007, Sir Richard Branson had made the following prophecy.<\/p>\n

“In five years\u2019 time Oil in UAE will run out, but it has diversified its assets and interests enough with 95% of its income derived from tourism, property and music shops, other countries in the region should learn from what Dubai has done and they should beware that conventional fuel will begin to decline in the next five to 10 years.”<\/strong><\/p>\n

For more than 150 years oil and gas exploration companies in the Middle East have been extracting oil and selling it across the globe. But soon the tables are about to turn and Middle East, especially the UAE need to figure out new ways to sustain in the modern-day world.<\/p>\n

The occasional wild camels on the road<\/a> and the khaki sand dunes have been replaced by impressive skyscrapers and sportscars. One of the first signs of technological development is a 20-foot Goliath billboard of Sheikh Mohammad Bin Rashid<\/a> which is rendered in mosaic solar panels.<\/p>\n

From shopping cart to a loyal customer, effortless eCommerce solutions<\/span><\/strong><\/a><\/p>\n

On the south side of Dubai, a 200-megawatt Mohammed bin Rashid Al Maktoum Solar Park is situated in the clusters of the building. The solar park resembles a humongous mirror that stretches across 2 sq. miles melting into the horizon.<\/p>\n

The largest solar plant in the US can generate 550 MW, but Dubai\u2019s solar park is about to overpower it by a mile. In the next few years, additional 5,000 MW is expected to map around Dubai with an investment of $14 billion.<\/p>\n

\"Oil<\/p>\n

Once upon a time, Dubai was considered a city of superlatives: the gigantic fireworks display, the tallest building in the world, the busiest airport in the world. But as people evolve, the city of gold had taken a broad perspective on swapping the image with a city of startups and innovation.<\/p>\n

\u201cWe decided that we will go to the future\u2014we will embrace the future without worry,\u201d says Mohammad Al Gergawi, the architect of Dubai\u2019s vision for the next half-century.<\/em><\/strong><\/p>\n

https:\/\/www.youtube.com\/watch?v=mK85–PpvAY<\/a><\/p>\n

UAE oil production is now at a halt. The city is more of a postcard for the youth & diversification for the old. Now, taxi drivers work all weekday and skydive on the weekends. The city of gold has moved-on in an era of fast progression. UAE education system is disrupting with AI-based instructors<\/a>.<\/p>\n

The government of UAE is crunching the numbers to join the modern-day revolution.<\/p>\n

\u201cWe initiated our e-government services 16 years ago, and today, we are launching a phase that will rely on artificial intelligence. We are striving to adopt all tools and AI technologies that will boost government performance on all levels,\u201d said Shaikh Mohammad.<\/em><\/strong><\/p>\n