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FINANCIAL NEWS
Abu Dhabi’s 2008 FDI jumps 25% to USD14b
20 Nov 2011
(MENAFN) The Abu Dhabi Department of Economic Development (DED) said that foreign direct investment (FDI) into Abu Dhabi surged by around 25 percent in 2008 from the 2007’s USD11 billion, to reach around USD14 billion, reported Emirates 24/7.
The DED added that the UK was the largest investor in the emirate, pumping USD4.57 billion by the end of 2010, followed by France with USD1.68 billion and Australia with USD870 million.
It also said that FDI from Bahrain was around USD397 million, whereas it was around USD394 million by the US, while capital pumped from Libya reached USD386 million.
It is worth noting that electricity and water sector was the main target of FDI in the emirate by the end of 2008, with around USD6.85 billion from FDI.
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