1950- Oil is discovered by officials in the Trucial Region and thus the information about the discovery is spread around the world.
1952- The seven emirate states form into one Trucial Council, which is crucial because it shows the states understood that they must form into one centralized form of authority or they may be subject to political abuse from outside sources.
1962- Oil is exported and traded out of the state of Abu Dhabi, marking the first of many sales of oil in the world market and the oil industry.
After the discovery of oil in 1950, the Trucial States understood that they had a valuable resource that could provide capital and stability to their region. The oil that was discovered by the Trucial States, was located near a historic pearling bed near the Persian Gulf. The discovery of oil was no surprise to the Trucial States, as the Trucial States started to experiment with oil development and research in the Persian Gulf region during 1930’s. During the 1930’s, the Trucial States granted Petroleum companies the warrant to survey areas and begin research for oil in their occupied region. After several experiments the Trucial States were able to succeed in finding oil in their region, and thus start to export it out of their region. In 1962, Oil was exported out the Trucial States and thus marked the first of many sales from that region. With oil being such a valuable resource at that time and even in the current state, one could generate the idea that oil would generate massive capital. At that time the massive capital that was generated from oil changed the society, economy, and politics in the Trucial States. The province of Abu Dhabi was the first to spread the wealth out of the five states in the Trucial States. Abu Dhabi’s Shiek-Emir-Zayed-bin-Sultan-Al-Nahyan was the first to take charge in constructing institutions in Abu Dhabi, but more importantly the first to construct institutions in the Trucial States. Shiek-Emir-Zayed-bin-Sultan-Al-Nahyan created many “public institutions” that benefited the societal wellbeing of the citizens in the provinces within the Trucial States. These “public institutions” that were created by Shiek-Emir-Zayed-bin-Sultan-Al-Nahyan included “building schools, housing, hospitals and roads” as explained by a BBC article published in July 9, 2009 (Bowen). These “public institutions” that were created by Shiek-Emir-Zayed-bin-Sultan-Al-Nahyan improved the quality of life and the physical well being of the citizens in Abu Dhabi. In 1969, in province of Dubai, Sheikh Rashid bin Saeed Al Maktoum was able to follow the steps of Shiek-Emir-Zayed-bin-Sultan-Al-Nahyan in improving the quality of life in their provinces with oil revenue. The discovery of oil in the Persian Gulf proved to be worthy for the Trucial States and its citizens, as it improved the societies, economies and governments in that region.
Bowen, Jerry. “United Arab Emirates Profile – Overview – BBC News.” BBC News. Middle East-BBC NEWS, 9 July 2009. Web. 20 Oct. 2015.