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UAE looking to increase FDI to $100bn by year-end
- United Arab Emirates: Thursday, April 25 - 2013 at 06:21
The UAE economy minister has said the government is looking to increase its cumulative Foreign Direct Investment (FDI) up to $100bn (Dhs367bn) by the end of 2013, Gulf News has reported. The country's FDI is expected to grow from $7.6bn in 2011 to $9bn in 2012, Sultan Al Mansouri said. Liquidity is available in the GCC and particularly UAE, but it is looking for the right investment opportunity and how it could be able to protect these businesses, added Al Mansouri.
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