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FINANCIAL NEWS
Abu Dhabi to launch investment projects
19 Jun 2014
(MENAFN) Abu Dhabi is collecting information from both private and public sectors on investments into economy’s sectors and would keep a constant eye on projects conceived, planned and being executed apart from those delayed or cancelled to take corrective measures if needed, Khaleej Times reported.
The Department of Economic Development in Abu Dhabi has signed a mutual cooperation agreement with industrial arm Senaat, in addition to 60 government institutions and semi-governmental bodies of departments, agencies and organizations, with the purpose of cooperation and coordination between the two parties on the Abu Dhabi Projects Program.
The Abu Dhabi Projects Program’s target is to highlight the size of domestic and foreign investment in each sector separately, as well as supporting decision makers to the analysis of development en every sector.
The agreement was signed by Mohammed Omar Abdullah, Undersecretary of the department, and Eng Suhail Mubarak bin Athaeeth, chief executive officer of Senaat, in the presence of a number of senior officials from both sides.
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