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Dubai Plans to Invest 1 Billion Dirhams on Residential Roads

May 19 (Bloomberg) -- Dubai plans to spend about 1 billion dirhams ($272 million) over five years to improve roads in residential areas in the emirate, the Roads & Transport Authority said.

The authority awarded two contracts under the program valued at 38 million dirhams, it said in an e-mailed statement today. The plan runs through 2016, the authority said.

To contact the reporter on this story: Daliah Merzaban in Dubai at

To contact the editor responsible for this story: Claudia Maedler at

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