Abu Dhabi Crown Prince approves AED 65 billion for new projects

Abu Dhabi has allocated a budget of more than AED 65 billion for 142 new capital projects.

This was announced by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.

Capital projects usually involve large-scale projects on the higher-end of expenditures compared to those requiring fewer resources. 

During the Abu Dhabi Executive Council’s meeting on Friday, Sheikh Khaled also gave directives to focus efforts on conserving Emirati heritage and upholding national identity by increasing awareness of national traditions, and by empowering local talent within the sector.

He emphasised the importance of developing a sustainable cultural heritage ecosystem in the emirate by building on the success of current exhibitions, festivals and heritage programmes that preserve and reinforce national identity and Emirati culture.

Sheikh Khaled was also briefed on plans to establish the Abu Dhabi Hazardous Materials Management Centre, which aims to develop a framework for effectively handling hazardous materials.

The centre also aims to ensure coordination among the relevant authorities to further enhance planning and response efforts to manage hazardous materials in line with best international practices.

Khaled bin Mohamed bin Zayed has chaired the Abu Dhabi Executive Council meeting and approved a capital projects budget of AED65bn+. HH also gave directives to advance the heritage ecosystem and was briefed on plans to establish the Abu Dhabi Hazardous Materials Management Centre pic.twitter.com/VYJflrm3Nn

— مكتب أبوظبي الإعلامي (@ADMediaOffice) December 15, 2023