Abu Dhabi sets over $17.7bln for new development projects

  • Date: 18-Dec-2023
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
  • Who else needs to know?

Abu Dhabi sets over $17.7bln for new development projects

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved a budget of more than AED65 billion ($17.7 billion) for new capital projects and also gave directives to advance the Emirati culture and heritage ecosystem in Abu Dhabi.

The go-ahead for the 2024 budget came at the council’s meeting, which was being chaired by Sheikh Khaled.

During the meeting, he gave directives to focus efforts on conserving Emirati heritage and upholding national identity by increasing awareness of national traditions, and by empowering local talent within the sector to help embed UAE cultural heritage among young people.

According to him, such projects were being designed to meet the aspirations of citizens.

The leadership is continuing to prioritise and activate projects that drive infrastructural development to foster a sustainable community environment and ensure the stability and cohesion of Emirati society, he stated.

At the meeting, Sheikh Khaled gave directives to further develop a sustainable cultural heritage ecosystem in the emirate by building on the success of current exhibitions, festivals, and heritage programmes that preserve and reinforce national identity and Emirati cultural heritage among people of all ages, and ensure the integration of