Dubai to Invest 3bn Dollars in Transport Sector

Published: 21/01/2010

Dubai plans to invest nearly $3bn in the transport industry during 2010 in a bid to stimulate the economy. The emirate will not have any trouble paying its contractors, according to Mateer al Tayyer – chairman of Dubai’s Roads & Transport Authority – who maintains that investing in infrastructure is the driving force of the economy.

There is a AED10.5bn budget for this year and further sums of money will be spent thereafter.