Abu Dhabi launches AED 600 million fund for events sector

123RF

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

Coming Up on Dubai Eye

  • The Best of Dubai Eye 103.8

    6:00am - 10:00am

    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.

  • Farmer's Kitchen

    10:00am - 11:00am

    Helen Farmer's teamed up with Spinneys to bring you amazing dishes to cook at home using ingredients from the stores. Listen to Farmer's Kitchen and learn how to recreate recipes made by top UAE chefs.

On Dubai Eye

Business Breakfast