FINANCIAL NEWS

UAE experiences 21% boost in foreign direct investment

25 Apr 2013

(MENAFN) UAE Minister of Economy, Sultan bin Saeed Al Mansouri, announced that the county’s direct foreign investment grew 21 percent in 2012, reported Khaleej Times.

The total amount of direct foreign investment reached USD9 billion last year, compared to USD7.6 billion a year before.

The minister attributed the rise in foreign investments to the continuous confidence of investors in the nation’s solid economic growth during times of international crisis.

It’s worth noting that both the UAE and Saudi Arabia possess more than half of all foreign investments in the GCC.

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