30.01.2009 - USD275bln infrastructure projects to keep real estate market buoyant in Abu Dhabi
From Business24-7.ae: Abu Dhabi is and continues to be an attractive market for real estate as it plans to invest $275 billion (Dh1 trillion) in infrastructure development over the next five years under Economic Vision 2030, a senior executive of a property developer said at the fifth annual Abu Dhabi Real Estate and Investment Show (Ireis) 2009. Ziad Bushnaq, CEO of Cornerstone, one of the largest real estate solutions companies in the region, said, despite the global economic crisis, the emirate has plans to spend $275bn over the next five years to enhance and develop its infrastructure and real estate projects, and to invest in the petroleum and non-petroleum sectors..... Full Article: Source
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