The UAE capital is slated to witness Dh180 billion ($50 billion) worth of new projects to be awarded in 2013 in addition to Dh36 billion project spending in Al Ain as part of its 2030 development strategy, MEED said.
“Economic activity in Abu Dhabi will continue its upward momentum in 2013 as the UAE capital sees Dh180 billion worth of new projects to be awarded next year, in addition to Dh36 billion project spending spree in Al Ain as part of its 2030 vision,” reported MEED.
According to MEED, 2012 has been a busy one for the projects market in Abu Dhabi, with more than Dh300 billion projects currently underway, led by Dh120 billion projects in the Oil and gas sector, as well as a further Dh98 billion worth of real estate and construction projects.
MEED reported that the transport sector is abuzz with ongoing projects worth Dh48 billion, while healthcare is doing well with Dh15 billion worth of projects. The manufacturing and industrial sectors are equally robust with projects amounting to Dh22 billion, and the power and water sector with Dh5 billion worth of projects.
Gulf News
25 October
