sst 1

• Infrastructure


  The basic physical and organizational structures and facilities (e.g. buildings, roads, power supplies) needed for the operation of a society or enterprise
• Royalties


  Payments made to people of royal blood or status
• Share


  A part or portion of a larger amount which is divided among several people, or to which several people contribute
• Reinvesting


  The action of putting the profit made on a previous investment back into the same scheme
• Revolutionize


  To change (something) radically or fundamentally
• ADNOC


  Abu Dhabi National Oil Company and the owner is Sultan Ahmed Al Jaber
• ADIA

  Abu Dhabi Investment Authority
• Profit

  A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something
• Dominate


  Be the most important or conspicuous person or thing in
• The first oil well, called the Murban-3, was completed and began producing crude oil

  1960
• ADNOC, the Abu Dhabi National Oil Company, was created by Sheikh Zayed


  1971
• ADNOC's share of oil profits

  Increased from 25% in 1973 to 60% in 1974
• ADNOC currently manages and oversees the production of around three million barrels of oil per day, making it the twelfth largest oil producer in the world
• Sheikh Zayed created the Abu Dhabi Investment Authority (ADIA)


  1976
• ADIA's mission


  To reinvest funds into the Emirate to help it grow
• In Al Ain, the country's first university, United Arab Emirates University opened in 1977
• When were ADNOC and ADIA created?

  • 1971
  • 1976
• ADNOC stands for Abu Dhabi National Oil Company
• ADNOC's share of oil profits

  Increased dramatically over time
• ADIA's mission was to reinvest funds into the Emirate to help it grow
• ADNOC is the 12th largest oil producer in the world
• ADNOC helps improve life in the UAE by providing income for development of schools, hospitals, government services and infrastructure
• ADIA's investment returns were used to develop the infrastructure of the country
• In the 20th century, the emirates had a population of roughly 80,000 people
• The first formal population census was conducted, indicating a total population of over 180,000


  1968
• The UAE's population nearly quadrupled over the past 25 years due to smart and strategic investments in oil and gas
• Population changes in different Emirates

  • Emirate of Umm Al-Quwain had the smallest population in 1975
  • Emirate of Dubai had the biggest population by 1995
  • Emirate of Dubai had the highest population growth from 1955 to 1975
  • Emirate of Umm Al-Quwain had the lowest population growth from 1955 to 1975
• Companies like ADNOC and ADIA are important because they show how the UAE is governed, with strategic investments in oil and gas to support the country's development and growth