Abu Dhabi Ports to invest $7bn in zone
Abu Dhabi, November 13, 2010
Abu Dhabi Ports Company (ADPC) will invest $7.2 billion in the first phase of development of the Khalifa Industrial Zone Abu Dhabi (KIZAD), it said on Saturday in a statement ahead of a news conference.
The state-owned firm's move is part of an effort by Abu Dhabi, capital of the United Arab Emirates, to invest in projects to diversify its economy away from oil. - Reuters