Abu Dhabi invests Dh 330 billion to boost up city in next five years 2013-2017


Having considered the magnificent progress of Dubai, the Crown Prince of Abu Dhabi his Highness General Sheikh Mohamed bin Zayed Al Nahyan, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council has taken strong initiative to build up city infrastructure and residential real estate developments to provide better accommodation facilities for its residents. Dh 330 billion has been injected to fuel development and construction projects in different sectors across the emirate for coming five years 2013-2017.

Primary initiative of funding citizens and developers is to increase the stability among society and its residents after offering them living space with complete accommodations. It is expected that new residential units will benefit total 689 in Abu Dhabi, among them all 756 in Eastern Region and 109 in the Western Region.

  • Infrastructure and real estate projects to be completed in Abu Dhabi
  • Abu Dhabi Executive Council has decided to carefully fund the huge amount of Dh 330 billion in different sectors to improve standard of living. They are not only focusing on housing rather they also consider investing in infrastructure, healthcare and educational sector. Below is the brief detail of sectors that are being invested.  Total 15.8 billion are allotted to construct new homes, hospital and sewage plant.
  • 1554 citizens of Eastern and Al Gharbia region will receive the total loans of Dh 3.1 billion. With this loan they are allowed to construct their house.
  • In addition to housing, Dh 4.3 billion are also invested in a new hospital project in Al Ain. Funds have been commissioned to the Abu Dhabi Health Company (Seha). After completion the hospital will execute needs of growing population of capital emirate. With 719 beds, the facility will be well equipped to offer surgery, children, maternity, intensive care and medical rehabilitation services. Moreover, royal suites will serve VIP patients. With 104 specialist clinic, 17 radiology units, CT scan, MRI and 22 endoscopy diagnosis units, the hospital is expected to be providing modern health facilities for everyone.
  • Remarkable infrastructure project that are being funded include sewage treatment plant, roads, motorways and airports.
  • Dh 132 billion have been invested to build a sewage water treatment plant to serve the residents of Al Ruwais in the Western Region. Abu Dhabi Sewage Company has been allotted this project. With total capacity of 15,000 cubic meters a day, the plant has a receiving station with the capacity of 16 tanks and 10 kilometers pipeline that will transfer treated water to forest reservoirs in Al Ghayathi. Hopefully the treatment plant will help saving and reusing water for irrigation and other industries. It is expected that it can efficiently meet the growing needs of rapidly expanding industrial zone. Additionally plant has complete monitoring system to remove bad odours.
  • To further improve the roads and transportation system in the emirate, 15 upper intersections, electricity posts and lights will be added on 248km-road to the Westren Region or Saudi Arabia and on a new road connecting Khalifa Port with the industrial zone and Al Falah. This will greatly reduce the number of accidents. Moreover, high voltage cables are removed that intersect 62km Abu Dhabi-Dubai motorway from Saih Sheib to Sweihan Road. Other road and transport projects that are due to be completed are Al Mafraq-Al Ghuwaifat road. They have been funded with total amount of Dh 2.5 billion.

The massive financial allocation has been done to help capital projects that are due to be completed in five years of 2013-2017. The huge amount of Dh 330 billion has been carefully invested in different sectors to achieve the objectives of Abu Dhabi vision for 2030. 

3 comments:

Jessica Amy said...

Good

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