UAE allocates extra USD5.5 b on development projects

02 Dec 2013

(MENAFN) The UAE plans to spend another USD5.5 billion on approved development projects and a 10.000 new houses project for the emirates’ citizens, according to Arab News.

Sheikh Khalifa bin Zayed Al-Nahayan also announced his plan of doubling the funding money for housing of UAE citizens.

Sheikh Khalifa said: “We have decided to allocate an additional sum of AED20 billion to spend on the works of the projects we have already launched to achieve the desired level of luxury for our sons and brothers.”

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