(MENAFN) Abu Dhabi's General Holding Corporation (Senaat) is set to invest USD1.36 billion on expanding its portfolio of industrial projects, Arabian Business reported.
The government owned corporation said that the new two-year projects come after an investment worth USD4.35 billion over the previous five years.
The company said that its main goal for the time is to diversify with its investments after witnessing a great success in oil projects. It is said that much of the company's earlier success was due to oil investments.
"I am very confident about the future of our country and this is why we are investing USD1.36 billion in more industrial projects over the next two years." Senaat's chairman said in a statement.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.