The UAE attracted the highest number of foreign direct investment (FDI) projects in the Middle East and Africa last year, according to the latest ranking of FDI destinations by fDi Intelligence, part of The Financial Times.
The UAE attracted the highest number of projects (328), while Saudi Arabia attracted the highest capital investment, which grew 40 per cent in 2011 to just over $14 billion (Dh51.4 billion). However, this is still far below the $42 billion in capital investment recorded in Saudi Arabia in 2008.
The Middle East and Africa (MEA) attracted a total of 1,530 projects last year, up 16 per cent over the previous year although capital investment was down slightly by 1 per cent.
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