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when people think of the united arab emirates they only see dubai skyscrapers and fast cars in truth however there's so much more than that the story of the uae is one of strategy exceptional leadership and careful planning in this video we'll go over how the uae got to where it is today what it's like to live there and what big decisions they made to turn that patch of sand into this worldwide power welcome to alex.com the place where future billionaires come to get inspired number one how they got there in the early days the region was controlled by tribes called shakedoms with the main activity being pearl trading these guys were super big on pearls and being all day out on the sea you noticed things mainly british ships making their way to india so they did what any respectable pirate would do and started to interfere with the british navy and their precious indian t with the region now having a strategic importance the british found themselves having to make a deal with the shakedoms this was one of the first steps toward the stability of the region they had good trade with pearls and protection from the british army and then oil was discovered and two things happened one the brits realized they could no longer afford to keep their army in the desert and two the shakedoms decided to unite in order to secure this valuable new resource and so the united arab emirates was formed number two great leadership and smart decisions once oil was found the region became like sim city with cheat codes this was where great leadership came into play they didn't want to be just an oil exporting country in order to really transform the region a bigger vision had to be put in place a vision where the uae is a financial and cultural hub so they took the profits from oil and dumped them all into infrastructure they invested heavily in pretty much every sector there is to be invested in in just a couple of years they raised skyscrapers built roads hospitals schools entertaining hubs commercial hubs and more islands because you know you could never have too many islands number three living conditions so what's it like to live in such a place there's no shortage of things to do that's for sure and they really wanted people to be happy they actually have a minister of state happiness whose job it is to make sure everyone is happy emirati nationals enjoy subsidized education health care and fuel along with a lot of packages for investing in real estate and no income tax which means everything you make you get to keep this gives people a lot of wiggle room with their money plus salaries in the government sector and a lot of other industries are pretty high to begin with it's also one of the safest places to live in but this only applies to natives and it's pretty much impossible for a foreigner to be given nationality or at least it used to be until a couple of months ago which brings us to number four you can now obtain citizenship as a foreigner earlier this year the uae made headlines when they announced they are now officially giving citizenship to foreigners this was unheard of before so what gives why did they suddenly change their minds gulf governments were always opposed to giving permanent residency to foreigners here's why oil prices crashed the pandemic happened and foreigners were forced to leave the emirates low oil prices and no foreigners is a big problem for the gulf countries so in an attempt to bring foreigners back and boost the economy they did the unprecedented however not just anyone can apply there isn't even an application process instead you have to be selected by royals or government officials if you meet certain criteria so if you're an investor specialized talent doctor engineer or artist there might be a way for you to become an official citizen of the uae number five plans for life after oil oil resources will not last forever and prices have been fluctuating like crazy for years so in the future an oil-based economy is pretty much nonsense for the emirates in other words oil made them rich and oil can make them poor too so what's their plan already in dubai which by the way is one of the seven emirates not a country nor the capital the oil contribution is less than one percent of the total gdp so how do they make money instagram just kidding well kind of you've probably heard of burj al-arab the pinnacle of luxury hotels but despite being one of the tallest hotels in the world it only has around 200 rooms you see the point of this hotel isn't to make a profit it's to attract people with deep pockets people who come to the emirates to spend mad cash because tourism and the financial sector is what's pushing the gulf economy forward right now dubai is the only emirate with a diversified economy while the other six are heavily reliant on oil revenues number six strong marketing speaking of dubai they figured out pretty early on how to attract more people there are some things you can only do in the emirates let's take skydiving for example i mean sure you can skydive pretty much anywhere but nothing comes close to flying over dubai want to ride a buggy in the sand dunes no problem but how about while doing that on your way to a ski resort also no problem as dubai has one of the biggest ski resorts inside of the biggest malls on the planet let's take food since it's one of the best ways to bring people together you bet you'll find every single cuisine on the planet here as you can see they found every fun activity and went balls to the wall on it everything you want to do you can do in the emirates well not everything since they actually have some pretty interesting laws we'll get into those after number seven a new city when was the last time a new city was built have you ever thought about it like that well there's one currently being built just outside of abu dhabi it's called maastar city and as stated on their website it's a pioneer in sustainability and a hub for research and development spearheading innovators to realize greener more sustainable urban living the construction started in 2008 but has faced several setbacks including the financial crisis right now it's expected to be fully functional by 2030. it's powered by solar panels and most interestingly there are no light switches or water taps in the whole city instead they have a bunch of motion sensors to control water and electricity consumption number eight weird laws you like to swear a lot jail you have a dirty car jail oh you're washing your car also jail well maybe not jail just a hefty fine you know we didn't want to ruin the joke they do however have a bunch of laws which may sound weird to you depending on where you come from one example is spreading rumors on social media which is seen as damaging to the social peace and public order an australian teacher was actually jailed fined and deported for sharing a photo of a parked car across disabled parking spaces number nine not everyone is rich when you think of the emirates you might be thinking riches and glamour yes there are a lot of rich people in the capital of abu dhabi and dubai but not every emirati is a millionaire as a matter of fact the top one percent hold over 50 percent of the entire country's wealth also the vast majority of the workforce is composed of migrant workers and while the emirates are famous for a lot of things labor conditions for migrant workers is not one of them number 10. the richest person in the uae when you think about the wealthiest people in the emirates you automatically think of the royal family right who else could bolster such a title if not the royals who rule the emirates well turns out at the moment of writing this piece the richest person in the uae is actually a russian his name is pavel durov he's the founder of telegram and forbes just estimated his net worth to be 17.2 billion dollars he's also based in dubai which technically makes him the richest guy in the gulf granted not everything is publicly known about the wealth of the royal families that rule the seven emirates which brings us to today's question do you think the emirates could survive the future on just oil let's get a conversation going in the comments we'll be sure to jump in ourselves and as a thank you for watching with us until the end here's your bonus you can visit the whole world without leaving dubai they created an archipelago of small artificial islands constructed in the shape of a world map located on the waters of the persian gulf the project is not yet finished but when it's done you should be able to get a taste of every country in the world and still make it in time for brunch foreign