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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
 




Tags: UAE | Abu Dhabi Ports | Khalifa Industrial Zone |

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