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Tuesday, 24 January 2012

New project boost for Abu Dhabi economy - The National

An unprecedented swath of new projects and expansions to existing ones was announced in Abu Dhabi yesterday, providing for significant new investment in social infrastructure, health and education and giving a boost to economic development in the emirate.

The announcement by Abu Dhabi Executive Council signalled the conclusion of a wide ranging evaluation of projects in the capital, reconfirming plans for developments on Saadiyat Island and Khalifa Port, and the planned Midfield terminal at Abu Dhabi International Airport.

Officials did not disclose the total value of the projects approved, but the sheer scope of the investment is expected to give a jolt to the emirate's economy. The entities responsible for each individual project are expected to release in-depth details on expenditure and timelines in coming weeks.