Abu Dhabi to pump US$200 billion in urban development projects

Source: BI-ME
Published: 06 January 2008

UAE. Abu Dhabi has embarked on an ambitious plan to develop the city’s infrastructure. According to Falah Mohammed Al Ahbabi, Director General for urban planning at the Executive Affairs Authority, the development guidelines over the next 25 years are part of the city’s strategic plan ‘Plan Abu Dhabi 2030’ which was approved last year by the government of Abu Dhabi.

‘Plan Abu Dhabi 2030’ was drafted in consultation with renowned world experts in their respective fields

“A total of USD200 billion will be pumped into various projects in the coming five years and the government’s share will amount to 40% while the remaining share will come from the private sector,” Al Ahdabi was quoted as saying by the official news agency WAM.

The real estate and construction sectors will witness unprecedented growth as Abu Dhabi seeks to become one of the the largest capital cities in the world.

According to Al Ahbadi, “the Plan is based on the principles of sustained development, and has taken into its consideration the future population and economic realities of Abu Dhabi. It also takes into consideration the need to protect the envoronment and the preservation of its biodiversity”.

“The new Khalifa City will be announced soon and it will house all government departments and ministries with the most modern amenities and utilities,” added Al Ahdabi

Other infrastructure projects planned include land and water transport systems such as a new ailway line and a metro system.