Abu Dhabi is pushing forward with a $90bn five-year spending spree on housing, schools, infrastructure and leisure projects, becoming the latest Gulf monarchy to showcase big spending on its citizens since the “Arab spring” uprisings.
While the individual elements of the plan had been flagged up previously, their presentation this week as one package underscores the scale of the planned investment.
A prominent Emirati businessman said the government appeared to be “back in the spending mood” – providing a “major stimulus” to an economy that had been in the doldrums.
Abu Dhabi ‘back in the spending mood’ - FT.com
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