The Abu Dhabi Executive Council has allocated Dh330 billion ($90.5 billion) for the implementation of major development projects over the next five years in the emirate of Abu Dhabi, a good part of which would be invested towards the development of the emirate’s Western Region.
Mohammad Hamad Bin Azzan Al Mazroui, acting undersecretary of the Ruler’s Representative Court in the Western Region, told reporters at a news conference that major development programs across the Western Region will reflect positively on Abu Dhabi’s economy, too.
The Western Region Development Council (WRDC) is also encouraging the private sector to consider Al Gharbia as its next investment destination.
The WRDC has identified a number of key non-oil sectors to drive economic growth and development in the Western Region. The move is in line with the council’s efforts to promote economic diversification given Al Gharbia’s current reliance on the oil and gas sector.
The region boasts a number of oil-related projects, with the UAE’s civil nuclear energy program in Barakah being another very prominent project. The nuclear power reactors in Barakah envision a goal of meeting 25 per cent of the emirate’s power requirements from nuclear energy by 2020.