UAE is largest Arab capital exporter: UNCTAD

4/02/2013
The UAE has pumped over $55 billion into foreign markets over the past three decades to emerge as the largest Arab capital exporter.According to the latest data released by UNCTAD, during 1980-2011, FDI outflow from the UAE was around $55.5 billion, nearly 31 per cent of the total Arab capital outflow of nearly $176.8 billion. 

Saudi Arabia came next followed by Kuwait with the total FDI outflows around #26.5 billion and $23.5 billion respectively. In terms of FDI receipts, Saudi Arabia was number one with investments around $186.8 billion during that period. UAE received more than $85 billion to become the second largest recipient of FDI followed by Egypt with $72.6 billion.
 
India figures prominently in terms of trade and investment ties with UAE. In order to attract the Emirati investors in India, the finance minster,P. Chidambaram visited Dubai last week. He called upon the investors to take advantage of the investor friendly policies in India. In terms of UAE investments in and from India, Indian companies have invested $3.68 billion in UAE.
On the other hand, UAE is 10th largest investor in India with investments worth $8 billion out of which $2.3 billion is in form of foreign direct investment.
 
During the high level task force meeting on investment in Abu Dhabi in February, co-chaired by the Commerce Minister Anand Sharma, UAE Government had committed investment worth $2 billion in infrastructure sector projects in India.
In addition, India has emerged as the second largest trading partner with UAE and the bilateral trade in 2011-12 has gone up to around $74 billion.The top five major commodities of export and import include gems and jewellery, petroleum crude and products, transport equipments, electronics goods and macinaryand instruments.
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