Google+ Followers

Tuesday, 24 January 2012

Abu Dhabi approves major spending plan - FT.com

Abu Dhabi has approved spending plans for a plethora of projects including branches of the Louvre and Guggenheim museums, concluding a broad review of development plans in the emirate.
The emirate’s oil-rich coffers have been opened for projects that span education, healthcare, industry, tourism, infrastructure and renewable energy, according to a statement posted on the Abu Dhabi Executive Council’s website on Monday.

The announcement comes as a relief to the business community, which has been seeking clarity on which projects will go ahead following the council’s in-depth review of development plans, which forced state-owned companies and government departments to defend their projects.