The BI-ME eNewsletter
LOGIN:
Abu Dhabi plans US$1 trillion investment on infrastructure projects
Source: BI-ME , Author: BI-ME staff
Posted: Tue November 3, 2009 12:05 pm
www alibaba.com
Meet worldwide manufacturers, wholesalers
& importers
in Alibaba now!

UAE. Abu Dhabi plans to invest US$1 trillion on infrastructure projects reported The National, citing officials.

"This will lead to extraordinary demand for building materials and technological innovations, thus boosting the economy further," Sultan bin Saeed al Mansouri, the Minister of Economy told the newspaper.

Cited projects include roads, transport, buildinds, hotels, and a metro all part of Abu Dhabi's development plans to wean its economy off oil.

Khaldoon al Mubarak, the Yas Marina circuit chairman, the venue of the just-concluded Formula One Grand Prix, said the development would act as a blueprint for the city’s future.

“We used Yas as almost the future urban component within the overall city of Abu Dhabi and we wanted to test things out,” he told The National.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2010
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
date:Posted: September 1, 2010
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
date:Posted: September 1, 2010
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.