12/01/2018
Abu Dhabi
Initiative will "bolster social stability and a good life for nationals", says Abu Dhabi Crown Prince
Abu Dhabi will grant Dh18.4 billion worth of new loans, homes and land in the emirate to thousands of its citizens, said Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
More than 12,000 people are set to benefit from the move, which comes as the country celebrates National Day on Sunday.
The announcement was made on Saturday based on the directive of the President, Sheikh Khalifa.
The intiative will "bolster social stability and a good life for nationals", Sheikh Mohamed tweeted on Saturday.
The Crown Prince approved 8,662 housing loans valued at Dh16.2bn, allocated 953 government houses valued at Dh79 million, and the provision of 2,213 residential plots valued at Dh1.41 billion.