Middle East Economic Survey

VOL. XLVII

No 32

09-August-2004

PRIVATIZATION

Abu Dhabi Sets Up Holding Company For Privatizations

The Abu Dhabi authorities on 27 July set up the General Holding Company as a move towards privatizing state-owned industries, reported WAM, the official UAE news agency. The joint stock company will take control of several state-owned industries in Abu Dhabi and its board will be chaired by Shaikh Hamid bin Zayid Al Nuhayyan, Chairman of the Abu Dhabi Economy Department...