3 ms·
>these Sheiks, Emirs and their cronies will only remain in power through the most draconian measures once the oil wealth dries up and they need to move now if t
by crdoconnor 9y ago
>these Sheiks, Emirs and their cronies will only remain in power through the most draconian measures once the oil wealth dries up and they need to move now if they don't want to end up roughly like Nicolae Ceaușescu.
They've done pretty well at decoupling from reliance upon oil wealth in the country by turning Dubai into a sort of playground-sanctuary for the super-wealthy. Only ~30% of their GDP is oil/gas.
This appears to be part of that. Rich people like to feel secure in their paradise.
- jacquesm 9y agoA country size gated community.
- danans 9y agoPoint taken, but it's really more of a city-state isn't it?
- jacquesm 9y agoYes, but what Dubai does is leading for all of the UAE, it's 1/3rd of the population and a very large part of the total wealth. Abu Dhabi (Nominally the capital) is about 1 million inhabitants and Dubai about 3, only a small fraction of all UAE inhabitants are citizens.
- deleted 9y ago[deleted]
- chimeracoder 9y ago> They've done pretty well at decoupling from reliance upon oil wealth in to the country by turning Dubai into a sort of playground-sanctuary for the super-wealthy. Only ~30% of their GDP is oil/gas. Way less. 30% is for the entire UAE. Only 2-3% of Dubai's GDP comes from oil and gas.
- stupidcar 9y agoBut how much of the wealth of those super-wealthy people is based on oil?