In front of the eastern coast of the state of Nueva Esperta lies the island of Cubagua, a small strip of arid and desert land with an area of only 24 square kilometers. Nueva Cádiz, the first European city officially established in South America, was founded on this island with no sources of fresh water, powered by one of the most profitable and destructive extraction drills of the 16th century. “Pearl Delights of the Caribbean. ".