Abu Dhabi launches AED 600 million fund for events sector

Tuesday, 30 July 2019 13:24

A AED 600 million megafund has been launched in Abu Dhabi to attract major entertainment, leisure and business activities.

It’ll finance projects in the events sector and will also focus on attracting global event organisers to the capital.

The fund is expected to have an impact of around AED 1.6 billion on the local economy.

It’s been set up by Abu Dhabi's Department of Culture and Tourism (DCT Abu Dhabi) and is part of the AED 50 billion ‘Ghadan 21' economic development programme announced last year.

More from Business

UAE and Scotland boost investment ties

The UAE Ministry of Investment and the Scottish Government have signed a Memorandum of Understanding aimed at strengthening investment cooperation and boosting mutual investment flows between the two countries.
Trump threatens tariffs on any nation supplying Cuba with oil

US President Donald Trump has threatened new tariffs on Thursday on countries supplying oil to Cuba, escalating a pressure campaign against the communist-run island and long-time foe of the United States.
China relaxes visa rules for UK citizens on PM's trip to Beijing

China agreed to relax rules to allow some visa-free travel for British citizens on Thursday during a visit by Prime Minister Keir Starmer to Beijing, as part of a partnership deal which London hopes will help expand its service sector.
Tesla invests $2 billion in Musk's xAI, reiterates start of Cybercab production

Tesla has said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI, and that production plans for its Cybercab robotaxi were on track for this year.
flydubai invests in leadership programmes to strengthen internal talent

flydubai has launched two leadership programmes designed to accelerate internal talent growth, strengthen leadership capability and further embed a high-performance, values-driven work culture across the organisation.

Coming Up on Dubai Eye

Motor Mania
10:00am - Noon
The Best of Dubai Eye 103.8
Noon - 4:00pm

Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!

Search Dubai Eye 103.8

Abu Dhabi launches AED 600 million fund for events sector

More from Business

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

Our Shows

Quick Links

Listen on the Go

Search Dubai Eye 103.8

Abu Dhabi launches AED 600 million fund for events sector

Share

More from Business

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

Our Shows

Quick Links

Listen on the Go