Arab Spring countries invested at least $ 8 billion in UAE: official

Prime Minister of the UAE, Sheikh Mohammad Bin Rashid Al-Maktoum, said the Gulf country has attracted about $8.2 billion in 2012 as direct foreign investment from Arab Spring countries. (Reuters)

The UAE has attracted about $8.2 billion in 2012 as direct foreign investment from Arab Spring countries, Sheikh Mohammad Bin Rashid Al-Maktoum, Prime Minister of the UAE, said on Monday.

While Sheikh Al-Maktoum, who is also Dubai’s ruler, disclosed the figure of Arab Spring countries investing in the UAE, he said on the first day of the Government Summit in Dubai that the Gulf state has invested far more in these countries, Al Arabiya reported.

The summit hosted many international companies and institutions as well as regional speakers to discuss future of government services.

The prime minister said he envisions a future where the people in the UAE can complete their transactions by using mobile phones.

To make the UAE one of the best countries in the world, Abu Dhabi has launched 2021 vision. In its 2021 vision, the UAE envisages the development of a knowledge-based economy.
 

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Last Update: Thursday, 14 February 2013 KSA 10:08 - GMT 07:08
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