By IANS
Abu Dhabi : The United Arab Emirates (UAE) capital plans to spend $200 billion over the next five years in an ambitious plan to develop its infrastructure, WAM news agency reported Sunday.
The government’s share would constitute 40 percent of the total spending while the remaining would come from the private sector, according to Falah Mohammed Al Ahbabi, director general of urban planning, executive affairs authority of Abu Dhabi.
Al Ahbabi said the spending is a part of “Plan Abu Dhabi 2030”, which serves as a guideline for the development of the city in the next 25 years.
He added the plan is based on the principle of sustained development and takes into consideration the projected demographic and economic realities of the city and hence includes development of comprehensive transport infrastructure.
Al Ahbabi stressed that while implementing the plan care would be taken to ensure protection of environment and preservation of biodiversity.