Mubasher TV
Contact Us Advertising   العربية

FDI in UAE rises 9%; Saudi follows - UNCTAD

FDI in UAE rises 9%; Saudi follows - UNCTAD
In its Global Investment 2014 report, the United Nations Conference on Trade and Development (UNCTAD) noted that foreign direct investment (FDI) inflows to the UAE have continued their revival following the global financial crisis.

The UAE’s FDI has grown for the fourth successive year, placing the country as the second largest FDI receiver after Turkey in Western Asia.

FDI to the UAE grew nine percent to $10.5 billion in 2013, the reported revealed, noting that this level remains below the UAE’s $14.2 billion in 2007. Meanwhile, Turkey reported an FDI of $12.8 billion. Saudi Arabia came in third place with FDI worth $9.2 billion.