Indian investment in UAE put at $52bn - Emirates 24/7:
"India emerged as one of the top investors in the UAE as nearly 26,500 companies from the Subcontinent operate in the second largest Arab economy, with an estimated combined investment of around $52 billion, a prominent Indian businessman was reported on Monday as saying.
The figured does not include Indian firms operating in free zones in the UAE and this means India’s investments in the country are much higher, said Paras Shahdadpuri, President of the Indian Business and Professional Council (IBPC) in Dubai.
Quoted by the Dubai-based Arabic language daily Al Bayan, Shahdadpuri also expected the UAE economy to record high growth of between 5 and 7 per cent in 2013-2014."
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