News
Abu Dhabi plans $28bn investment boost
04 February 2008
Abu Dhabi, the capital of the United Arab Emirates, is reportedly planning investment that will boost various elements of its tourism industry.
The $28bn (£14.2bn) injection of funding will go towards developing aspects of the emirate including its airports and seaport infrastructure, the Khaleej Times reports.
Nasser Al Sowaidi, chairman of the Abu Dhabi economic department, said that a five-year plan has been devised that envisages a strong partnership between the public and private sectors.
'Our vision is to transform the emirate of Abu Dhabi into a cosmopolitan centre that is vibrant and has a solid industrial base, embracing creativity and innovation,' he said.
'In the next few years, billions of dollars are projected to be pumped into the economy and currently over $10bn is being injected into infrastructure projects including the expansion of Abu Dhabi International Airport.'
There are a number of major projects currently under development in Abu Dhabi, including Saadiyat Island, a residential and leisure complex that will incorporate a marina, a modern art museum, miles of natural beaches and a number of five-star hotels.
Opodo cheap flights and hotels - let the journey begin!
The $28bn (£14.2bn) injection of funding will go towards developing aspects of the emirate including its airports and seaport infrastructure, the Khaleej Times reports.
Nasser Al Sowaidi, chairman of the Abu Dhabi economic department, said that a five-year plan has been devised that envisages a strong partnership between the public and private sectors.
'Our vision is to transform the emirate of Abu Dhabi into a cosmopolitan centre that is vibrant and has a solid industrial base, embracing creativity and innovation,' he said.
'In the next few years, billions of dollars are projected to be pumped into the economy and currently over $10bn is being injected into infrastructure projects including the expansion of Abu Dhabi International Airport.'
There are a number of major projects currently under development in Abu Dhabi, including Saadiyat Island, a residential and leisure complex that will incorporate a marina, a modern art museum, miles of natural beaches and a number of five-star hotels.
Opodo cheap flights and hotels - let the journey begin!

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