Monday, 12 November 2012

UAE’s investment plans in Arab Spring countries still on hold

The UAE’s investment plans in Arab Spring countries are pending and still in the process to be formulated, an advisor at the Gulf state’s ministry of foreign trade has said.

Mahmood Sharif Mahmood told Al Arabiya that the UAE is waiting for the Arab Spring countries’ situation to settle before planning any solid investment projects there.

“We are currently formulating investment strategy and assessing risks in the Arab countries [affected by the Arab Spring],” he said.

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