Mar 16 2010 |
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Major Abu Dhabi infrastructure, transport projects on schedule
Major infrastructure and transport projects in Abu Dhabi, including the development of the Khalifa Port, are proceeding on schedule and do not face financial problems, according to senior officials."Infrastructure and transport projects are proceeding with no obstacles or delays," Abdulla Rashid Al Otaiba, Chairman of the Abu Dhabi Department of Transport and a member of the emirate's Executive Council, told Emirates Business.
Al Otaiba was speaking on the sidelines of the Global Logistics Forum, organised by Abu Dhabi University .
Asked when work on the Abu Dhabi Metro would start, Al Otaiba said no date had yet been set. "The comprehensive transport plan covers marine transport and highway projects," he said.
Mohamed Al Shamsi, Vice-President of the Khalifa Port and Industrial Zone Development, said work on the first of the project's five phases was proceeding on schedule, and added: "The phase will be completed in 2012. We face no financial problems because of the support we receive from the Abu Dhabi Government."
The project is expected to create 70,000 jobs and will contain 141,000 residential units.
It is expected that by 2030 it will contribute $22 billion (Dh80.78bn) to the emirate's gross domestic product, and it will also boost Abu Dhabi's position as an international industrial and trade centre.
Former German chancellor Gerhard Schroeder told the forum's opening ceremony that the GCC, and the UAE in particular, were moving in the right direction in terms of investment in infrastructure, transport and logistics projects.
By Abdel Hai Mohamad
© Emirates Business 24/7 2010
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