Abu Dhabi is all set to implement its vision for the next five years and the 'Abu Dhabi 2030' urban development plan, said Khaldoon Khalifa Al Mubarak, Chairman of Abu Dhabi Executive Affairs Authority (EAA).
Speaking at the Meed Abu Dhabi Conference 2007 which opened today, Al Mubarak said that the emirate was currently focusing on enabling the private sector to become a key player in the emirate's economy.
"We are pressing ahead with the privatization of government sector. In 2001, the public sector was dilapidated with 65,000 employees. We managed to reduce them to only 15, 000," he said.
Al Mubarak said that petrochemicals will be an important part of the Abu Dhabi economy over the next 25 years and the emirate will be focusing on attracting the largest foreign investments in the industry to facilitate this growth.
"Abu Dhabi has a competitive advantage in this area and needs to make sure it capitalizes on its potential." He underlined the emirate's ongoing initiative to set up the world's largest aluminum smelter, with a production capacity of 1.4 million tonnes per year and a total investment of 8 million USD.
Shedding light on the emirate's efforts to develop tourism sector, Al Mubarak said that the number of tourists in Abu Dhabi is expected to reach three million per year by 2015, a three-fold increase from the current total of one million in 2007, adding that the emirate is focusing on attracting high-end business tourism.
"Abu Dhabi's hotels are currently at 95% occupancy, and in order to meet expected to demand, it is planning to increase the number of hotel rooms to 25,000 by 2015, up from about 9,000 at present." Source
Speaking at the Meed Abu Dhabi Conference 2007 which opened today, Al Mubarak said that the emirate was currently focusing on enabling the private sector to become a key player in the emirate's economy.
"We are pressing ahead with the privatization of government sector. In 2001, the public sector was dilapidated with 65,000 employees. We managed to reduce them to only 15, 000," he said.
Al Mubarak said that petrochemicals will be an important part of the Abu Dhabi economy over the next 25 years and the emirate will be focusing on attracting the largest foreign investments in the industry to facilitate this growth.
"Abu Dhabi has a competitive advantage in this area and needs to make sure it capitalizes on its potential." He underlined the emirate's ongoing initiative to set up the world's largest aluminum smelter, with a production capacity of 1.4 million tonnes per year and a total investment of 8 million USD.
Shedding light on the emirate's efforts to develop tourism sector, Al Mubarak said that the number of tourists in Abu Dhabi is expected to reach three million per year by 2015, a three-fold increase from the current total of one million in 2007, adding that the emirate is focusing on attracting high-end business tourism.
"Abu Dhabi's hotels are currently at 95% occupancy, and in order to meet expected to demand, it is planning to increase the number of hotel rooms to 25,000 by 2015, up from about 9,000 at present." Source
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