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abu dhabi projects value 1 trillion DHS

"Dubai: The total value of announced and on-going projects in Abu Dhabi has inched close to Dh1 trillion, currently at Dh991 billion ($270 billion), a report says.
Abu Dhabi, the largest among UAE's seven states, is by far the wealthiest and in 2005 had the highest per capita income in the world at $46,147. It has proven oil reserves which are estimated to last for another 150 years and currently pumps 3.5 million barrels of oil per day generating in excess of $90 billion annually," it said.
Major players including Aldar, Sorouh, Escan, Tourism Development and Investment Company, Reem and Tamouh Investments are currently involved in projects estimated at over $60 billion.
The list of projects include the $14.7 billion Al Raha Beach development by Aldar Properties, the $27 billion Saadiyat Island by TDIC, $2.5 billion Shams Abu Dhabi by Sorouh, $1.4 billion Reem Island by Tamouh Investments and $3.5 billion Najmat Abu Dhabi project by Reem Investments.
The latest amendment to Abu Dhabi Property Law will help the emirate to attact more investment into the reality sector."
http://gulfnews.com/business/Construction/10103864.html

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