Middle East Economic Survey

VOL. XLVIII

No 2

10-January-2005

UAE

NPCC To Lead Way In Abu Dhabi Energy Sector Privatization

UAE President and Ruler of Abu Dhabi Shaikh Khalifa bin Zayid Al Nuhayyan, in decree No 9 (2004), issued in December 2004, has ordered steps to be taken that will lead eventually to the privatization of the National Petroleum Construction Company (NPCC) the first such move in Abu Dhabis energy sector. Under the decree, made public in the UAE media on 3 January, the 70% stake...