Abu Dhabi to award USD49b worth of projects in 2013

26 Oct 2012

(MENAFN) The Middle East Economic Digest (MEED) stated that next year, Abu Dhabi will award USD49 billion worth of new projects, reported Gulf News.

Moreover, USD8.16 billion worth of project spending would be seen in Al Ain, which comes as part of the capital’s 2030 development strategy.

At the current time, over USD81.65 billion worth of projects are underway, led by USD32.66 billion projects in the oil and gas sector and USD26.67 billion worth of real estate and construction projects.

Projects worth USD13.06 billion are underway in the transport sector, whereas the healthcare is witnessing USD4.08 billion worth of projects.

It is worth noting that projects worth USD5.98 billion are being carried out in the capital’s manufacturing and industrial sectors, while the power and water sector has USD1.36 billion worth of projects.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more