Abu Dhabi's $163mln fund aims to spur investments in leisure, business events | ZAWYA MENA Edition:
A “mega events fund” has been announced by Abu Dhabi’s Department of Culture and Tourism (DCT) to enhance the city’s portfolio of leisure and business events and to attract global event organisers.
The 600-million-dirham ($163.4 million) fund is part of the Ghadan 21 programme, which seeks to accelerate Abu Dhabi’s economy and make it a preferred world destination for people to do business, invest, live, work and visit.
The new financial stimulus will focus exclusively on the development of major entertainment and business activities and festivals in the emirate, a statement from DCT Abu Dhabi said.
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