Types Of Minerals In The UAE And Mining Industry In The UAE
"In the United Arab Emirates the discovery of oil fields has set up the beginning of an entirely new economic policy of the country. The policy of the government of the United Arab Emirates on active diversification of the oil economy, in its turn, has made contributions to the improvements of many related industries.
Thus, the national mining sector has turned out to be one of the most assuring production areas. It is not a confidential thing that the minerals of the UAE have adequate ability to entice potential investors from across the globe. Besides, the government, in order to potential investors, has abandoned its traditional methodology of exploration and research works on the territory of the UAE. Today, the state has adopted the most advanced technologies and the best scientific methodology.
Ongoing mapping studies, scientific researches and aerial photography, in turn, have confirmed the diversity and abundance of minerals in the Emirates. There is a lengthy list of minerals, which are mined in the United Arab Emirates, starting from gypsum and copper mines to the extraction of precious stones and metals. Among the profitable recoverable resources, various minerals, salt and marble can be singled out. Nowadays, quarry mining develops actively due to the policy of appealing to direct investments.
Numerous largest global companies make investments successfully in this economic sector. For example, Indian investors commercialize the development of chrome deposits and discovering of precious metals. Global companies and holdings are specialized not only in cobalt, copper, silver and gold, but they also take over business activities in other industries.
Minerals of the UAE have turned out to be an important revenue item for the state treasury and continue to indicate positive annual dynamics. It has to be noted the fraction of income coming from the mining industry increases annually in the total gross national product. The United Arab Emirates export products of the mining industry to numerous of states and seek to enlarge the geography of trade relations."
