Richness in Arab Countries

Resources are the wealth of a nation. They provide stability to a nation. It is through the resources and riches through which, you determine the state of a nation. 

The Arab countries are very rich. The large natural gas and oil deposits in their countries and the clash between countries all over the world to gain access are the reasons, why the Arab countries are so rich. The ‘yalla’ (get going) energy that beats through the Arab world drives the region both into its past, and towards its future. 

There are about 23 countries in the Arab world. However, this is an extreme misinterpretation or the world is in delusion about Arabs. The rich people in the Arab world are rulers such as the Kings and Emirs of Arab countries and not all Arabs are rich. This is the reality. The UAE and Qatar are ranked in the top most of the richest countries in the world. Qatar and the UAE both have highly developed economy. 

The UAE is an oil and natural gas rich countries. The few reasons why UAE is one of the richest countries in the world and one of the richest Arab countries because of these oil and natural gas deposits, and tourism. The UAE is mainly the hottest destination for tourists all around the world. They had spent a lot to attract tourists to come and visit them. They recently spent on building artificial islands and beaches. Burj Khalifa, the tallest building in the world is in UAE. 

Qatar was a poor country and has a very little population, less than a million. In 1940s, Qatar discovered the oil and natural gas that helped them a lot to have a highly developed economy. Qatar has now been named amongst the richest country in the world. 

Kuwait also has 10% of the world’s total oil reserves and 80% of the government revenue comes for the export of oil. Kuwait has one of the fastest growing economies and is the second-most free economy in the Middle East. 

The Arab countries are rich because they have discovered the large oil and natural gas reserves and deposits. Most of the Arab countries have no income tax and are one of the least taxed countries in the world. That is why they are the fastest growing economies in the world. Had oil and natural gas not been discovered by the Arabs, they’d still have been living the life of stone age.