UK may inspire by Abu Dhabi to plot its future
One of the leading construction experts of the UK has given a warning that Britain should follow the ambitious approach of Abu Dhabi to infrastructure their planning if the country really wants to get crucial projects off the ground.
Tony Douglas, who this weekend had overseen the opening of the biggest ever infrastructure projects in the Emirate whose worth was 7.2 billion dollars which sums up to an amount of 4.5 billion pounds in the Khalifa Port complex. He had to say that Britain has risked being left behind by more of its enterprising rivals if it had dithered over the investments which were required for such a competitive economy, which it actually should have been.
He had to say that the Government of the UK is in the need a blueprint that is a strategic vision for a better future. But if anyone puts up a question to any person on street that what is the blueprint, then the reply is going to be a confusion for them all day long and as well as clueless answer, if there will be. Douglas, who is chief executive of the Abu Dhabi Ports Company, is also an infrastructure veteran. In his former job as the chief executive of Heathrow Airport, he had led the construction of Terminal 5, while alongside he has also played the leading roles in building the Olympic Park as well as the Thames Gateway port project on the Isle of Grain.
Douglas has made an admission that the UK as well as Abu Dhabi which is oil-rich “could not be more different in terms of investment in the infrastructure”. In the country of UK, there are public inquiries where one wonders that if the starting pistol triggers will ever get pulled. Over here, that is Abu Dhabi there is a high-level decision as well as once anything is decide, it is never ever changed,. Get loans even you have bad credit with loans for people with bad credit.
Another difference with Abu Dhabi is that all investments which are made are sovereign backed with a triple-A rating, so one very well knows that he has an access to the capital markets. He had to say, nevertheless, Abu Dhabi also had a long-term plan with a vision until the year 2030. Currently, there GDP is Above 100 billion dollars a year, with 60 per cent coming from oil and gas. By the year 2030, there target is to hit the mark of 400 billion dollars.
Summary: Tony Douglas, who has headed several major construction projects along with many others, is of the view that it is very important that US should take an inspiration from Abu Dhabi that in what way to make plans for their future.
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