Following the 2010 budget announcement last week, the UAE Minister of Economy has advised that US$1trillion is to be spent on infrastructure, property and manufacturing in the medium term, according to the Reuters news wire. In the next year alone more than US$ 2billion will be spent in these areas.

'The planned investments to be implemented in Abu Dhabi through public and private partnerships in infrastructure, real estate and manufacturing sectors over the medium term are expected to reach $1 trillion,' Sultan bin Saeed al-Mansouri is quoted as saying on Reuters.