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Abu Dhabi to spend nearly $18 billion to boost infrastructure projects

The projects will focus on housing, tourism, and education.

Abu Dhabi to spend nearly $18 billion to boost infrastructure projects
[Source photo: Anvita Gupta/Fast Company Middle East]

UAE’s capital city, Abu Dhabi, has been diversifying its economy by attracting international investors and boosting competitiveness across different sectors such as tourism, aviation, and technology.

Considering this trajectory, the Abu Dhabi Executive Council has approved 144 infrastructure projects across the emirate with a budget of $17.97 billion for housing, education, tourism, and natural resources.

Fresh communities accommodating nearly 13,000 homes will be developed in Abu Dhabi, Al Ain, and Al Dhafra. This includes the establishment of mosques, community and sports centers, retail developments, parks, playgrounds, and cycle tracks to encourage a healthy lifestyle.”

“This signifies a pivotal focus on streamlining the allocation process for government housing beneficiaries, resulting in reduced waiting times and increased efficiency in delivering housing solutions,” Abu Dhabi Projects and Infrastructure Centre (ADPIC) said.

Around $1 billion has been allocated to education and human capital projects, with ADPIC stating that there are also projects in the pipeline supporting early childhood learning and workforce development.

Meanwhile, more than $3 million of the budget is allocated towards tourism developments, with the aim of not only creating but also helping maintain cultural destinations.

Nearly $13 million has gone into natural resource projects, including aquaculture farms for breeding, raising, and harvesting fish and shellfish species.”

“These ambitious initiatives are designed to act as a comprehensive road map, guaranteeing that the emirate’s continuous expansion is managed effectively while fostering sustainable development, enhancing the overall quality of life, and accommodating the evolving needs of its diverse population,” said Maysarah Eid, Acting Director General of ADPIC.

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