Investment ensures growth

The $9 billion (Dh33 billion) investment by Abu Dhabi Gas Industries Limited (Gasco) in new integrated gas production and power generation facilities will not only provide the emirate with sustainable energy, but also access to the latest technology and jobs.

Oil and gas remain the main source of economic growth in Abu Dhabi, however the government is — correctly — determined to develop and diversify the economy to reduce the emirate's dependence on a diminishing resource.

Foreign contractors building the new gas facilities will be required to provide training opportunities for young nationals and local suppliers will provide materials, equipment and services, ensuring that the Gasco investment will boost the local economy. The project will provide as many as 35,000 job opportunities.

By tying the building of its new energy infrastructure to the development of its human resources and the protection of the environment, Abu Dhabi will ensure the diversification and sustainable growth of its economy.