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| :
: UAE Free
Zones Newsletter - Issue 56 - April 2008 |
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| UAE plans $4.4bn overhaul |
| The UAE is to spend 16 billion dirhams ($4.4 billion) on infrastructure projects in the Northern Emirates, a minister announced. |
CASH INJECTION: The UAE is to spend $4.4 billion on roads, housing and drainage projects in the Northern emirates. |
The allocation, ordered by President Sheikh Khalifa bin Zayed Al Nahyan, will be used to fund the construction of road networks, new housing communities, drainage network and other projects, Minister of Public Works Sheikh Hamdan bin Mubarak Al-Nahyan told emirates news agency Wam.
The move comes following a study on the needs of the Northern Emirates, which include Ajman, Fujairah, Ras Al-Kaimah, Sharjah and Umm Al-Qaiwain.
“We undertook a comprehensive study and we have now come up with integrated solutions to existing problems in these areas. With this allocation, the quality of our people in some outlying areas will be significantly improved,” Sheikh Hamdan said. |
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Courtesy ITP DIGITAL
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