FDI reached $13.7 billion in 2010

11/05/2011 - Dubai Investment News Posted by Bob Brunskill
FDI reached $13.7 billion in 2010

Alessandro Golombiewski Teixeira, president of the World Association for Investment Promotion Agencies, has confirmed Foreign Direct Investment (FDI) reached $13.7 billion in 2010.At the Annual Investment Meeting being held in Dubai, the UAE Ministry of Foreign Trade revealed FDI was as high as $15 billion, Gulf News has reported.Mr Teixeira said: "The FDI in the UAE is expected to get back to its peak of a few years ago."Global FDI flow would grow from $1.5 trillion in 2010 to $1.8 trillion in 2014, he added.Shaikha Lubna Al Qasimi, minister of foreign trade, attend the Annual Investment Meeting. Speaking afterwards, she observed: "FDI is a driving force in the globalisation process, which has become a key factor in the modern world economy."Ms Al Qasimi added that while FDI levels have declined significantly over the past few years due to the economic downturn, there are signs of recovery, especially "in the medium and longer terms".