Abu Dhabi Plans $6 Billion Spending in Cultural Sector, FT Says
This article is for subscribers only.
Abu Dhabi plans to invest $6 billion in the cultural and creative industries over the next five years as the energy-rich sheikhdom diversifies away from oil, the Financial Times reported.
The investment will go to building museums, as well as sectors ranging from media, gaming and music to cultural heritage, according to the newspaper. Abu Dhabi has already committed $2.3 billion to projects in the sector, it said.