UAE foreign direct investment to hit $14.4bn in 2014
Dubai, April 12, 2014
The foreign direct investment (FDI) in the UAE reached $12 billion in 2013 and is projected to grow 20 per cent in 2014 to hit $14.4 billion, according to a report.
The estimated growth rate in 2014 would represent a 260 per cent increase over 2008, which not only demonstrates full recovery from the global financial crisis, but reflects huge future growth potential for UAE economy that would offer greater investment opportunities, stated Fortress Investments, a leading investment firm operating in the Middle East, in its report.
“There is phenomenal investor interest in the UAE market. Dubai is now one of the most popular investment destinations among global investors. Many emerging sectors are attracting higher attention from investors, such as reality, ICT, education, tourism and entertainment,” said Hamed Mokhtar, the managing director at Fortress Investments.
“Dubai’s attraction as an investment hotspot was never greater,” he noted.
"Dubai’s successful Expo 2020 bid will ensure the investment in UAE market is lucrative in the medium term, as Dubai and the UAE would benefit from an estimated $6.9 billion earmarked for infrastructure projects around the event," added Mokhtar.
Dubai’s construction industry, said the expert, would benefit from the heightened new activity, but other sectors like travel, tourism, hospitality and retail would also gain during the run-up to the event and thereafter.
However, any significant investment should be carefully studied with the help of investment professionals," he cautioned.
Mokhtar pointed out that financial advisors provided clients with a clearer investment direction and a more prudent wealth management approach.
"Investors, irrespective of the size of their funds, often tend to be confused about the type of financial investments they should make and the timing they should choose. We offer practical financial solutions to guide and manage our clients’ existing business or simply their personal finances," he added.
Fortress is a Dubai-based global leader in private banking and wealth management. Over the past two decades, the company’s versatile team of financial experts has acquired vast expertise and proficiency in global financial markets, and is fully equipped to deliver holistic solutions that would surpass clients’ expectations.-TradeArabia News Service