UAE injects $5.7b into Comesa
UAE's investments in the Common Market for Eastern and Southern Africa (Comesa) saw rising trends in past few months as nation's investment stood at $5.7 billion (Dh20.92 billion) in the market. Heba Salama, Director of Comesa Regional Investment Agency hoped that investment may go up in the coming period.
Speaking in the sidelines of the fourth Comesa Forum in Dubai, she added, "Compared to previous years, the UAE investments in the Comesa markets have increased from $4.8 billion in 2009 to $5.7 billion in 2010."
She said that vast opportunities present in the Comesa markets will continue to lure investors and the forum will provide a good platform to policymakers of Comesa members and the representatives of the investment and business community.
Abdullah Mohammad Al Awar, CEO of the DIFC Authority, added that Comesa countries improved legal system that attracted investors across the global.