Wednesday, 11 May 2011

gulfnews : FDI Foreign direct investment in the UAE to soon reach previous peak

Foreign Direct Investment (FDI) in the UAE is believed to have reached $13.7 billion (Dh50.32 billion) in 2010, Alessandro Golombiewski Teixeira, president of the World Association for Investment Promotion Agencies, said at the Annual Investment Meeting (AIM) being held in Dubai.

However, according to the UAE Ministry of Foreign Trade, FDI in the UAE was as high as $15 billion.

Teixeira said: "The FDI in the UAE is expected to get back to its peak of a few years ago."

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