3.4 Gulf states - based on pre-release

Question 1

What are the Gulf States’ wealth mainly based on?

Answer 1

Oil and gas

The wider Middle East contains over 40% of global gas reserves and over 60% of global oil reserves

Question 2

Where has this wealth been transferred to ?

Answer 2

sovereign wealth funds which are invested around the world.

Question 3

Give an example of one of the sovereign wealth funds

Answer 3

Abu Dhabi Investment Authority bought a
4.9% stake in Citigroup, the USA’s largest bank
in 2007

Question 4

What was the airline fleet size of Emirates Airline in 2008?

Answer 4

119

Question 5

Give some examples as to what Qatar, the UAE and Bahrain have invested heavily in

Answer 5

They have worked towards developing global connections in order to enter the knowledge economy

-Trade and information exchange

-Dubai’s port at Jebel Ali is the 2nd largest
man-made port in the world

-Free Trade Zones have been set up,
isuch as Dubai Internet. TNCs such as
Microsoft, IBM and CNN have been attracted