gulfnews : Regulations vital to foreign investment, Al Mansouri says

Emphasising the strong relationship that exists between corporate governance and foreign direct investment, UAE Minister of Economy Sultan Bin Saeed Al Mansouri exhorted the regulators to ensure compliance and the business community to embrace the codes.

Amid the slowdown in the developed economies, the current economic climate of the region — with the average gross domestic product (GDP) growth in the Middle East in 2011 projected by the International Monetary Fund to be around 5.1 per cent compared to 2.3 per cent in the US — presents a unique opportunity to attract foreign investors, said Al Mansouri in his keynote address at yesterday's Sixth Annual regional Corporate Governance Conference.

Countries in the region rank among the top in projected GDP growth, foreign direct investment (FDI) inflows and ease of doing business.

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