Saturday, August 12, 2006

Economy: UAE records $9.2 billion Foreign Direct Investment

According to a report by the UAE's Ministry of Economy, total Foreign Direct Investment (FDI) in the UAE stood at Dh33.5 billion ($ 9.2 billion) in 2004 accounting for 8.5 per cent of the country's Gross Domestic Product (GDP).

The report, compiled by the ministry of Economy in cooperation with the United Nations Economic and Social Commission for Western Asia (ESCWA), United Nations Conference on Trade and Development (UNCTAD), UAE Central Bank, Abu Dhabi Chamber of Commerce and Industry (ADCCI) and Dubai Investment and Development Authority, was the first of its kind on FDI in the UAE for 2004.