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UAE to invest AED 500 million in aviation
UAE plans to invest $ 500 million dirhams ($ 136 million) in the aviation sector by the year 2020, in order to diversify its investment in infrastructure.
Mohammed Al-Shehhi, undersecretary of the Ministry of Economy UAE announced at a press conference: "The UAE plans to invest 500 million dirhams in the aviation sector to the year 2020.
He said in a press conference in Abu Dhabi: The share of non-oil activities to GDP up at the present time to 69%.
He pointed out that the UAE is focused on promoting economic growth through small and medium-sized enterprises and that these entities now constitute more than 90% of the existing companies in the UAE.
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