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14-04-14

Dubai's FDI up 20 percent in Q1

(MENAFN) Foreign Direct Investment (FDI) in the United Arab Emirates (UAE) has boosted by 20 percent in the first quarter of the current year, reaching USD14.4 billion, compared to the same period 2013, according to Qatar News Agency. The emirates' FDI was estimated at USD12 billion in 2013. This year, FDI growth will hit 260 percent compared to the rate reported in 2008. A local investment firm that made the expectation said: "This shows full recovery from the global financial crisis and future growth potential for UAE economy."