Huge investments expected in Abu Dhabi real estate and tourism
Al-Bayan newspaper has recently reported on expected development of the real estate and tourism sectors in Abu Dhabi during the period 2005-2012.
The paper estimated that the extent of investments in real estate during this period will come to DH 230 billion ($63 billion), including investment of DH 200 million in the project to build the Emirates Palace Hotel on the Abu Dhabi Promenade. Future projects include building a resort and tourist site as part of the Marina Mall and building Pearl Island off the Abu Dhabi coast.
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