Abu Dhabi upping housing supplies and food subsidies

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Abu Dhabi upping housing supplies and food subsidiesThe Abu Dhabi government has announced a series of spending projects aimed at providing jobs and an affordable cost of living for its citizens.  Oil-rich Abu Dhabi accounts for about 74% of fiscal spending in the UAE, and this year plans on subsidizing food and household items, energy, and housing for Emiratis.  Abu Dhabi hopes to avoid the social unrest plaguing other countries in the region by ensuring their citizens are well cared for.

Abu Dhabi also announced more than $2 billion in housing loans for UAE citizens, and $2.5 billion in construction projects again only for UAE citizens.  The UAE government will also spend an estimated $1.6 billion on water and electricity projects in the northern, less developed Emirates.  They will also roll out training programs to help quash unemployment in a country where only 7% of citizens work in the private sector.  Efforts are underway to phase in more private sector positions, though, as an estimated 20,000 young Emiratis will soon enter the workforce a year.

 



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The Abu Dhabi government has announced a series of spending projects aimed at providing jobs and an affordable cost of living for its citizens.  Oil-rich Abu Dhabi accounts for about 74% of fiscal spending in the UAE, and this year plans on subsidizing food and household items, energy, and housing for Emiratis.  Abu Dhabi hopes to avoid the social unrest plaguing other countries in the region by ensuring their citizens are well cared for. Abu Dhabi also announced more than $2 billion in housing loans for UAE citizens, and $2.5 billion in construction projects again only for UAE citizens.  The...

Abu Dhabi upping housing supplies and food subsidiesThe Abu Dhabi government has announced a series of spending projects aimed at providing jobs and an affordable cost of living for its citizens.  Oil-rich Abu Dhabi accounts for about 74% of fiscal spending in the UAE, and this year plans on subsidizing food and household items, energy, and housing for Emiratis.  Abu Dhabi hopes to avoid the social unrest plaguing other countries in the region by ensuring their citizens are well cared for.

Abu Dhabi also announced more than $2 billion in housing loans for UAE citizens, and $2.5 billion in construction projects again only for UAE citizens.  The UAE government will also spend an estimated $1.6 billion on water and electricity projects in the northern, less developed Emirates.  They will also roll out training programs to help quash unemployment in a country where only 7% of citizens work in the private sector.  Efforts are underway to phase in more private sector positions, though, as an estimated 20,000 young Emiratis will soon enter the workforce a year.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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