UAE has $5.4bn infrastructure projects pipeline, says minister

The UAE economy will likely witness a combination of a U- or V-shaped recovery following Covid-19, on the back of a strong infrastructure pipeline, said the Minister of Infrastructure Development Dr Abdullah bin Mohammed Belhaif Al Nuaimi.

The emirates currently has a pipeline of Dh20 billion ($5.4 billion) of federal infrastructure projects, including Dh7 billion ($1.9 billion) for state-sponsored housing programmes, Al Nuaimi, said in an interview with Bloomberg TV. "The plans will continue," he added.

Al Nuaimi also discussed the UAE’s infrastructure projects they’re currently working on and the impact of coronavirus on the economy.

 

Source: http://www.tradearabia.com/news/CONS_368969.html

 

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