Abu Dhabi will spend US$1 trillion (Dh3.67tn) on major infrastructure, property and manufacturing projects, the Minister of Economy said.
The unprecedented infrastructure spending comes as the emirate speeds up its economic diversification plans in response to the global financial crisis, with projects valued at more than $100 billion under way.
“The planned investments to be implemented through public and private partnerships in infrastructure, real estate and manufacturing sectors over the medium term are expected to reach $1tn,” Sultan al Mansouri said in a speech at the Abu Dhabi Outlook Summit yesterday.
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