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Arabiya CNBC Arabiya

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Department of Planning and Economy - Abu Dhabi Abu Dhabi Chamber Of Commerce & Industry Al-Iktissad Wal-Aamal

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Driven by a massive oil windfall and a bold economic vision, Abu Dhabi is in the midst of a large scale development program that aims at transforming its economy through broad-based sector development, a massive investment program in the infrastructure, and accelerated economic reform and liberalization. More than $38 billion is expected to be spent on major real estate and tourism projects over the next few years, and at least $10 billion on infrastructure, including the Khalifa Port and Industrial Zone, the international airport expansion, and the UAE university expansion projects. An additional $18 billion will be invested in upstream and downstream oil and gas projects.

Against the backdrop of these major and promising developments, Abu Dhabi Economic Forum was held on 5-6 February 2007at the Emirates Palace in Abu Dhabi. Organized by Al-Iktissad Wal-Aamal Conferences and the Abu Dhabi Chamber of Commerce and Industry. The Forum gathered more than 1400 high-profile government and business leaders from across the region and other parts of the world, and discussed new project opportunities in major sectors such as oil and gas, petrochemicals, industry, real estate, banking and finance, tourism and other sectors.

Abu Dhabi Economic Forum offered a unique opportunity to gauge the economic vision of Abu Dhabi, to evaluate developments and challenges in its rapidly growing economy, to assess future business prospects.