Title: Importance of Energy Economy for Developing Nations | Economy Watch
Headings: Importance of Energy Economy for Developing Nations
Importance of Energy Economy for Developing Nations
Content: The United Arab Emirates have been able to improve their tourism industry with the help of the money that has been invested by various countries in its oil and energy industry. The emirates of Dubai, Abu Dhabi and Sharjah are the biggest examples. Saudi Arabia has also improved its overall infrastructure with the petro-dollars, as foreign investment in the local oil industry is known. Some examples would be the football stadiums constructed across the country. It has been revealed by researches and studies that out of the entire corpus of products traded all over the world every year, fifty percent or more is taken up by the oil and energy products. This means a lot to the countries that are rich in oil and energy resources. This implies that the number of countries seeking such resources would invest in those countries where there is an abundance of such resources and this would mean a substantial amount of growth potential for these developing countries. Energy Industry
Energy