ID :
149400
Wed, 11/10/2010 - 15:18
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Shortlink :
https://oananews.org//node/149400
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Key economic indicators positive, encouraging despite current economic outlook: DED
Abu Dhabi, Nov 10, 2010 (WAM)- Abu Dhabi has kept a fast pace from theory to practice; key economic indicators are positive and encouraging despite the current economic outlook, according to Undersecretary of Abu Dhabi Department of Economic Development said at The Abu Dhabi Conference 2010.
The comment came at the keynote speech on Monday at the conference organised by MEED in Fairmont Bab Al Bahr, where Abdullah stressed upon the significance of public-private co-operation to achieve a detailed and elaborate transformation of UAE's capital city.
The 2-day event focuses on achievements by the public and private sectors during the current year highlighting the future projects and new business opportunities that contribute towards implementing the vision of Abu Dhabi 2030.
Abdullah shared key updates about the new projects driving the economic diversification as the Abu Dhabi Economic Vision 2030 and the five years economic plan.
"The UAE has taken various initiatives to develop its water and electricity capacity to meet with the needs of its population and cater for the growing needs of the industry. The development of a peaceful nuclear energy program is paving the way to meet the medium to long-term energy needs of the country," Abdullah said on water and energy.
As for the Infrastructure and transport projects he mentioned the redevelopment of the road network, the new Airport, the Khalifa Port, and the Union Railway which will enable the emirate to realise its vision, not only in Abu Dhabi City, but also in the Eastern and Western regions.
He shared good news with industrialists, declaring that new projects will be inaugurated at the Khalifa Industrial Zone in Al Taweelah.
On the ICT front, he stated that "the Advanced Technology Investment Company is building a multibillion-dollar semiconductor fabrication plant, and advanced technology ecosystem in Abu Dhabi, to tap the rising global demand for semiconductors." "We are on track to deliver the Vision. Key economic indicators are positive and encouraging despite the current economic outlook", he said.
He reiterated that: "As a government, we work to create more business opportunities for domestic and international investors, and provide more jobs for the citizens and residents of Abu Dhabi" and that in order to facilitate this process, "the UAE Government, lead by the ministry of Economy, is preparing a set of new federal laws, including the Investment law that will enhance further the position of the UAE as an attractive investment location". Following the official opening ceremony, various sessions were held.
The conference will continue on Tuesday with a program that features a series of sessions focused on aluminium, aviation, environment, oil and gas, petrochemicals, ports, power and water, rail, real estate and roads. – Emirates News Agency, WAM
The comment came at the keynote speech on Monday at the conference organised by MEED in Fairmont Bab Al Bahr, where Abdullah stressed upon the significance of public-private co-operation to achieve a detailed and elaborate transformation of UAE's capital city.
The 2-day event focuses on achievements by the public and private sectors during the current year highlighting the future projects and new business opportunities that contribute towards implementing the vision of Abu Dhabi 2030.
Abdullah shared key updates about the new projects driving the economic diversification as the Abu Dhabi Economic Vision 2030 and the five years economic plan.
"The UAE has taken various initiatives to develop its water and electricity capacity to meet with the needs of its population and cater for the growing needs of the industry. The development of a peaceful nuclear energy program is paving the way to meet the medium to long-term energy needs of the country," Abdullah said on water and energy.
As for the Infrastructure and transport projects he mentioned the redevelopment of the road network, the new Airport, the Khalifa Port, and the Union Railway which will enable the emirate to realise its vision, not only in Abu Dhabi City, but also in the Eastern and Western regions.
He shared good news with industrialists, declaring that new projects will be inaugurated at the Khalifa Industrial Zone in Al Taweelah.
On the ICT front, he stated that "the Advanced Technology Investment Company is building a multibillion-dollar semiconductor fabrication plant, and advanced technology ecosystem in Abu Dhabi, to tap the rising global demand for semiconductors." "We are on track to deliver the Vision. Key economic indicators are positive and encouraging despite the current economic outlook", he said.
He reiterated that: "As a government, we work to create more business opportunities for domestic and international investors, and provide more jobs for the citizens and residents of Abu Dhabi" and that in order to facilitate this process, "the UAE Government, lead by the ministry of Economy, is preparing a set of new federal laws, including the Investment law that will enhance further the position of the UAE as an attractive investment location". Following the official opening ceremony, various sessions were held.
The conference will continue on Tuesday with a program that features a series of sessions focused on aluminium, aviation, environment, oil and gas, petrochemicals, ports, power and water, rail, real estate and roads. – Emirates News Agency, WAM
