A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Sunday, October 1, 2023

UAE to attract $14.4 bln FDI

UAE to attract $14.4 bln FDI
UAE to attract $14.4 bln FDI

The UAE is expected to attract foreign direct investment (FDI) of $14.4 billion in 2014, 20 per cent higher than 2013, according to a top government official. Last year, the country also recorded a 20 per cent year-on-year growth in FDIs that reached $12 billion, Abdulla Al Saleh, Undersecretary UAE Ministry of Economy, Foreign Trade Sector, told reporters at a news conference in Dubai.
“In 2013, the UAE was able to attract three times more FDIs than expected,” Al Saleh said, adding that increased government spending and a significant resurgence in tourism, transport and trade have contributed to this upswing. He mentioned that FDI jumped by 200 per cent from $4 billion in 2007 to $12 billion in 2013. The country is the third most attractive country in West Asia for FDIs, he said quoting UNCTAD figures.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.


The Deputy King of Bahrain accepts credentials from five newly appointed ambassadors to the Kingdom.

In Manama on September 24th, His Royal Highness Prince...

Mariam Almheiri calls for action on climate at COP28 during her UNGA 2023 meetings.

In New York on September 24th, 2023, Mariam bint...

UAE and Indonesia are currently assessing ways to enhance their economic collaboration.

In Jakarta on September 23rd, 2023, Suhail bin Mohammed...

UAE leaders congratulate the Custodian of the Two Holy Mosques on the Kingdom’s 93rd National Day

On September 23rd, 2023, President His Highness Sheikh Mohamed...

Hamdan bin Mohammed launches program to cultivate national talent for leadership in Dubai’s crucial sectors.

On September 24th, 2023, H.H. Sheikh Hamdan bin Mohammed...


  In New York on September 21, 2023, H.H. Sheikh...

Sultan Al Neyadi’s Earth Return from Historic Space Mission

UAE astronaut Sultan Al Neyadi has successfully completed a...

Record-Breaking UAE Non-Oil Foreign Trade Reaches AED 1.239 Trillion in H1 2023

In H1 2023, the UAE achieved a historic milestone...

Hamdan bin Mohammed Reviews RTA’s Infrastructure and Smart Traffic Projects

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum,...