Industry News

ABU DHABI LAUNCHES DH600M FUND TO ATTRACT ENTERTAINMENT AND BUSINESS EVENTS
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Abu Dhabi is setting up a Dh600 million fund to attract entertainment and business events to the emirate, as part of wider plans to spur economic growth, draw foreign investors and boost tourism. The new fund by Abu Dhabi's Department of Culture and Tourism (DCT Abu Dhabi) will finance projects in the events sector and is expected to yield returns of more than Dh1.6 billion for the local economy, the authority said. The fund is part of the Ghadan 21 programme, a Dh50bn package of reforms by the Abu Dhabi government to stimulate the local economy.
Source : The National

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