Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Arts & Culture

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Abu Dhabi to build museums in a $6 billion spending spree on culture

By TRENDS Desk
June 8, 2021 1:27 pm

    • Abu Dhabi to construct museums and patronize sectors like media, gaming in $6 billion spending plan

    • The plan is part of the vision to diversify economy away from oil

     

    Abu Dhabi will spend $6 billion over the next five years to construct museums, as well as sectors such as media, gaming, music and cultural heritage, according to the Financial Times.

    It is part of the UAE capital’s efforts to diversify its economy away from oil. The investment will go towards building museums, as well as sectors such as media, gaming, music and cultural heritage, the FT said. Abu Dhabi has already committed $2.3 billion to projects in the sector, it said.

    Preparatory work for the Guggenheim Abu Dhabi had been awarded, and the main contract for the museum is expected soon, Abu Dhabi Department of Culture and Tourism Chairman, Mohamed Al-Mubarak, told the FT.

    [adinserter block="5"]

    Most Read

    UAE’s working mothers get extended maternity leave

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

    Getting vaccinated is ‘the most patriotic thing’ to do

    The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

    Saudi Arabia to generate $150 billion in investments from its new transport policy

    The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

    GCC healthcare: Transforming the region and impacting the world

    PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

    New-Age Growth Comes Home to the GCC

    The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

    [adinserter block="4"]