VOL. XXXVIIINO. 714-NOVEMBER-1994

UAE

Abu Dhabi Government Sets Up Three Industrial Zones

The Abu Dhabi Government has decided to set up three new industrial zones inAbu Dhabi city, al-'Ain and Ruwais and is to allocate Dh100mn ($27mn) to begiven in loans to industrialists investing in these areas. The zones are alsoexpected to attract foreign investments under the UAE offset investment program,whereby a foreign supplier with a defense contract of over $10mn is obliged toinvest in offset...