UAE sees sharp rise in foreign direct investments in 2014

DUBAI, Jan. 17 (Xinhua): The United Arab Emirates (UAE) is expected to attract 14.4 billion U.S. dollars foreign direct investments in 2014, representing a 20 percent year-on-year increase, undersecretary for the Ministry of Economy and Foreign Trade said here yesterday.

Speaking ahead of the Annual Investment Meeting 2014, Abdulla Al-Saleh said the UAE benefited a lot in 2013 from global economic recovery, its liberal and open economy, and Dubai's winning of the bid to host the World Expo in 2020.

The expected growth in foreign direct investments will be mostly driven by more projects in Dubai which are planned to upgrade infrastructures in the emirates for holding the exposition, according to the official