Abu Dhabi is placing its growth plans "on steroids" regardless of low oil costs and the worldwide coronavirus outbreak, based on the chairman of the town's division of financial growth.

"One of the vital issues is that Abu Dhabi as a authorities is constant growing its capital investments ... which was deliberate for 2020," Mohammed Ali al-Shorafa informed CNBC's "Capital Connection" on Thursday.

"Abu Dhabi has the assets, even at these ranges of crude oil costs, to proceed with its deliberate development," he stated.

Which will embody fiscal reform, financial coverage initiatives and new tasks. "We've not moved away from the plans, we're truly placing these plans on steroids," he added.

His feedback come as economies all over the world grapple with the continuing well being disaster that has sickened greater than 207,000 individuals and killed a minimum of...