Banking on its attractive investment environment and huge business opportunities, the Emirate of Abu Dhabi is set to lure US$ 35 billion over the next few years, according to Abu Dhabi Chamber of Commerce and Industry (ADCCI).''Foreign companies, whose operating capital at Abu Dhabi economy is estimated at Dh 420 billion, will compete with other new international comers to develop a mega projects with a ticket of over Dh 1.5 trillion,'' said Riyadh Mattar, Director of the ADCCI's Information Centre.''The sound, far-sighted economic policy adopted by Abu Dhabi under the wise leadership of President H.H. Sheikh Khalifa bin Zayed Al Nahyan and close follow up of General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, aims at developing different economic sectors to make Abu Dhabi a world class centre for industries and services..,''he added.Towards evolution of a viable, stable, diversified economy, he said, the economy policy will also seek to forge constructive public-private partnership, pursue the privatisation course, devise and update economic and investment laws, restructure the government sector, introduce international creative initiatives to upgrade performance and efficiency of public and private firms.''Proposed massive multi-billion development will make Abu Dhabi the favourite investment destination for world investors and businessmen,''he explained. Source
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