Dubai Municipality budget targets infrastructure

19/01/2010 - Dubai Investment News
Dubai Municipality budget targets infrastructure

Posted by Bob Brunskill

Dubai Municipality has set out its 2010 budget in which it has made infrastructure development a core focus.

The budget amounts to Dh4.393 billion with a surplus of Dh472million, the Khaleej Times reported.

According to the news provider, Hussain Nasser Lootah, the director general of the civic body, has set aside Dh2.5 billion for the completion of construction projects this year. Mr Lootah said that such investment reiterated the government's support for the completion of infrastructure projects that would propel the economy of the emirate.

Last year, Dubai Municipality completed the first stages of a series of large construction projects at a total cost of around Dh5 billion. Such developments included the wastewater treatment plant in Jebel Ali, the Shaikh Hamdan Bin Rashid Al Maktoum Awards Complex and a number of construction projects for public parks.

The announcement on the municipality budget follows the release of the emirate government's 2010 budget last week. According to the Dubai Chamber of Commerce and Industry, the measures outlined in the budget demonstrate a commitment to a progressive fiscal programme following the challenges of 2009.

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