Fatḥ

The Fatḥ oil field is located in the Persian Gulf, approximately 75 miles (120 km) east of Dubai, within the waters of the United Arab Emirates. Discovered in 1966, it was a significant find for Dubai, contributing to its prosperity alongside its trade and commerce activities. By the 1970s, unique underwater storage tanks, known as the "Three Pyramids of Dubai," were installed on the seabed at the Fatḥ field. While Dubai's oil reserves are smaller than those of neighboring Abu Dhabi, oil income has played a role in its economic development. However, Dubai's economy has diversified significantly and now relies more heavily on trade, finance, tourism, and real estate, with oil playing a less dominant role.123