Thursday, Nov 08, 2007
Gulf News
Abu Dhabi: Investments of more than Dh900 billion will be made under Abu Dhabi's Strategic Plan 2030, Fardan Hassan Al Fardan, chairman of Al Rayan Investment Company, said at a conference here, that had representations from as many as 56 US-based companies working in the investment, private equity, construction, education, and healthcare sectors.
Al Fardan said of the total proposed investment, Dh500-Dh600 billion has been allocated for urban investment.
"Of this, 40 per cent will come from the government and the remainder from the private sector," said Al Fardan. He praised the government of Abu Dhabi for its role in overseeing the capital's growth into one of the world's leading cities, renowned both as a tourist destination and as a model for urban development.
The conference, organised by Al Rayan Investment, was held to present the wide range of investment opportunities available in Abu Dhabi.
Al Rayan Investment was established in 2004 with a capital of Dh100 million by a number of leading Abu Dhabi businessmen.
Gulf News 2007. All rights reserved.
