FINANCIAL NEWS

UAE to boost spending in areas of infrastructure this year

27 Mar 2017

(MENAFN) The UAE is projected to increase expenditure in areas of infrastructure and developmental enterprises, which will reflect positively on the government’s profits.

Recently, real estate and tourism investments are projected to consolidate and propel the economy to more new heights, especially after the global oil prices recovered some losses.

Accordingly, the main industrial infrastructure investments by the UAE included, Khalifa Industrial Zone Abu Dhabi, KIZAD, Dubai Industrial City, Dubai South and others.

Moreover, the emirate’s population is expected to more grow to 3.1mn this year, which means increased demand over the robust real estate sector.

MENAFN2703201700450000ID1095346898

MENAFN2703201700450000ID1095346898

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