Abu Dhabi to invest $200bn on infrastructure development
Abu Dhabi has entered into an ambitious development plan, to develop infrastructure of the capital under the Plan Abu Dhabi 2030, which would serve as a comprehensive guideline for development of the city, for the next quarter of a century, said Falah Mohammad Al Ahbabi, the Director General, Urban Planning, Executive Affairs Authority in Abu Dhabi.
About $200billion has been assigned for various projects during the coming years, out of which, the government’s share would constitute only 40%, while the rest will come from private sector.
The real estate and construction sectors will witness an unprecedented growth, and the Plan Abu Dhabi, has been drawn in consultation with renowned experts in the field, says Al Ahbabi.
The Plan is based on principles of sustained development, and is based on future population and economic realities on Abu Dhabi.
Posted on 7/1/2008
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