Around AED 16 billion in the package will be used to boost electricity and water transmission and distribution networks, while AED 16 million will go to finishing renewable projects
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Rising oil price sees Gulf Arab borrowing at lowest since 2014
Oil and gas producers in Saudi Arabia, Kuwait and the UAE plan to spend more than $600 billion on energy projects over the next five to 10 years
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Russia and Saudi to set up $1bn energy fund
Fund will invest in energy projects, technology and equipment