Abu Dhabi to lure USD 4 bn in FDI

Published March 6th, 2006 - 07:52 GMT
Al Bawaba
Al Bawaba

A report by Abu Dhabi Chamber of Commerce and Industry projects economic growth for the emirate is set to hit 9.8 % this year. The report also showed that the volume of investments in different sectors is expected to reach AED 500 bn in the coming five years and will attract a FDI base of USD 4 bn during the year 2006. The property and construction sector tops the list of expected investments at AED 220 bn, followed by the energy sector with AED 80 bn and the service sector with AED 45 bn