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UAE keen to attract FDI at annual investment meeting

Xinhua, April 2, 2017 Adjust font size:

United Arab Emirates (UAE) Vice President Sheikh Mohammed Bin Rashid Al-Maktoum received on Sunday a delegation of ministers participating in the 2017 Annual Investment Meeting (AIM), in order to boost bilateral foreign direct investments (FDI) between the Gulf state and the world, state news agency WAM reported.

"The UAE will remain a favourite destination for FDI because it enjoys stability, security and legislation enacted to protect capital," WAM quoted Sheikh Mohammed as saying.

President of the Republic of Tatarstan Rustam Minnikhanov who led the delegation praised the social and economic development achieved by the UAE.

Secretary General of the United Nations Conference on Trade and Development Mukhisa Kituyi and Secretary General of the International Chamber of Commerce John Danilovich were also members of the delegation.

Ministers and executives from 120 countries gathered in Dubai on Sunday for the 2017 AIM.

In his opening speech, UAE Minister of Economy and Foreign Trade Sultan Al-Mansouri said the UAE government was optimistic that 2017 will mark a cyclical rebound in global trade and investments, despite a 13 percent decline in the global FDI in 2016 to 1.52 trillion U.S. dollars. Endit