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Abu Dhabi to pump $4.6bn into government projects

ABU DHABI, December 24, 2015

Abu Dhabi has allocated more than Dh17 billion ($4.6 billion) for major government projects with a lion's share to be spent on housing and road and transport infrastructure, said a report.

The emirate's executive council, which approved the allocation, said these projects will cover all key sectors including education and upgradation work at different governmental facilities, reported the Emirati News Agency Wam.

The council's move comes as part of the Abu Dhabi government's aim to fulfil the objectives and goals set in the Abu Dhabi Vision 2030, stated the report citing Shaikh Mohammed bin Zayed Al Nahyan who chaired the council meeting.

Out of the allocated amount, about Dh10.2 billion ($2.77 billion) will be pumped into housing and infrastructure development projects.

During the meeting, the council reviewed the progress of the current and future governmental projects in Abu Dhabi, as well as the main achievements accomplished and the service projects provided to the citizens and residents of the emirate.

The council also looked into ways to promote current projects in line with the relevant governmental goals and plans, said the report.

The Abu Dhabi Executive Council also agreed to award the contracts pertaining to infrastructure works in the "Emirati Neighborhood" project, located in Madinat Zayed, between Mohamed Bin Zayed City and Abu Dhabi International Airport.

The project is divided into three contracts including infrastructure work, roads and trails networks, in addition to 2,755 residential land plots, 37 mosques, 47 gardens and 13 schools for all education stages, said the report.




Tags: abu dhabi | Housing | Infrastructure | Projects |

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