FINANCIAL NEWS

Dubai to invest USD1bn in road projects

02 Jul 2016

(MENAFN) Dubai is doubling down on its bet that investments in transportation will spur the emirate’s economy as lower crude prices strain budgets.

Moreover, Dubai predicts to seek bids among 8 months for road projects worth USD1.1bn as part of a bigger drive to upgrade transport links in the city.

Accordingly, there’s a lot of cuts in projects in near countries, while investing in infrastructure is one of the plans which the government took to steer the economy.

Meanwhile, Dubai is focusing on infrastructure projects among an economic slowdown triggered by a drop in oil prices by almost since 2014.

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