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Abu Dhabi to spend $1tr on projects
- United Arab Emirates: Tuesday, November 03 - 2009 at 13:01
Abu Dhabi's Minister of Economy said the emirate will spend $1tr on infrastructure, real estate and manufacturing projects as the capital speeds up its economic diversification efforts, the National has reported. The spending 'will lead to extraordinary demand for building materials and technological innovations, thus boosting the economy further," Sultan al Mansouri was quoted as saying at the Abu Dhabi Outlook Summit yesterday.
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StaffTuesday, November 03 - 2009 at 13:01 UAE local time (GMT+4)
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