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FDI in UAE to hit $108bn in 2011
- United Arab Emirates: Thursday, May 08 - 2008 at 08:24
Total foreign direct investment inflow into the UAE is expected to nearly double from $59.2bn in 2007 to $108bn in 2011, according to a report by Barclays Wealth, a part of the UK's Barclays Group. The analysis is based on semi-official data, as the UAE does not publish official FDI figures. However, based on its estimates, Barclays Wealth said the UAE's inflows are high and rising. The United Nations Conference on Trade and Development (Unctad) puts FDI inflows into the UAE at $12 billion in 2005 accounting for about 60 per cent of total inflows into the Gulf that year.
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Jeff Florian, Senior ReporterThursday, May 08 - 2008 at 08:24 UAE local time (GMT+4)
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