UAE investors to help rebuild economies of war-torn countries in Middle East

DUBAI / WAM

The UAE’s public, private sector and institutional investors will help re-build the war-torn countries in the Middle East, including Iraq, Syria, Yemen and Libya, a senior official said.
Jamal Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC) said, “Investors in the UAE are well equipped to help re-build the economies of Iraq, Syria, Yemen and Libya and when the time is right, we will play our part in helping these economies. I’m sure the UAE government is also doing its part in providing support.”
He said, “The UAE’s investors are looking at Asia, Africa and the Middle East as strong investment destinations.”
The UAE ranks 34th in the world in terms of Foreign Direct Investment (FDI) inflow and 2nd in the Middle East. However, as a source for FDI, the UAE ranks 23rd in the world and the first in the Middle East — making it a net capital exporting country in the world.
“We give direction to the UAE’s investor community and we see a stronger South-South Cooperation in investment,” Jarwan, a former CEO of Etisalat, said.
“Asian economies, especially, China, India and Asean counties are now more promising than most other countries.