UAE’s FDI hits USD1.8b in 2011

19 Mar 2012

(MENAFN) Undersecretary at the Department of Economic Development (DED) in Abu Dhabi, Mohammed Omar Abdullah, said that the country’s foreign direct investment (FDI) has hit USD1.8 billion last year, reported Arab News.

Abdullah said the total volume of foreign non-oil trade in Abu Dhabi hit USD37.9 billion for the same year, increasing 27.7 percent from 2010.

It is worth mentioning that the total FDI for all the six GCC countries amounted to USD8.64 billion in 2011.

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