UN reports UAE is the largest Overseas Arab investor |
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UN reports UAE is the largest Overseas Arab
investor: UAE's overseas acquisitions worth more than $26 billion
(Dh96bn) in seven years has entitled UAE the largest investor abroad
according to UN data. The figures, which covered the period during
2000-2006, showed the UAE alone accounted for more than half the total
value of acquisitions finalised by the six Gulf Co-operation Council
(GCC) states.
From a negligible level during 2000-2004, the
UAE’s acquisition transactions rocketed to $4.7bn in 2005 and $21.6bn
in 2006 to boost the value of its acquisitions abroad to $26.5bn during
2000-2006, showed figures by the UN Conference on Trade and Development.
The
increase turned the UAE into the largest Arab buyer of foreign assets
abroad and the report said the sharp growth in the investments of the
Emirates and other Gulf countries contributed to a higher flow of
global foreign direct investment (FDI) in 2006.
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