UAE to attract more FDI

Published January 9th, 2006 - 07:43 GMT
Al Bawaba
Al Bawaba

The UAE is inclined to post a major surge in foreign direct investment. According to Khaleej Times, last year saw a huge surge in FDI flow to the country with a total of $18.72 billion being invested in 160 projects. Compared to 2004, when the total FDI lured by the United Arab Emirates dropped to $1.3 billion from the previous year's $2.47 billion, 2005 was a landmark year for the UAE in terms of luring foreign investments.