Saturday, 26 May 2018 05:35 GMT

FDI to grow 20 percent this year in UAE

(MENAFN) UAE's FDI investment was estimated at USD12 billion in 2013 and is expected to grow by 20 percent this year reaching USD14.4 billion, according to Arab News

This year, growth of FDI is expected to exceed 2008 rates by 260 percent, which not only demonstrates full recovery from the global financial crisis, but reflects huge future growth potential for the UAE economy

Hamed Mokhtar, MD at Fortress Investments, said: "There is phenomenal investor interest in the UAE market. Dubai is now one of the most popular investment destinations among global investors. Many emerging sectors are attracting higher attention from investors, such as realty, ICT, education, tourism and entertainment.

Mokhtar added: "Dubai's attraction as an investment hotspot was never greater.

FDI to grow 20 percent this year in UAE

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