UAEs financial strength woos more investors

19/05/2009 – Gulf News – The number of business delegations seriously looking at the country as a place for investment is increasing, senior government officials told Emirates Business.
Ahmad Abu Ghaida, Acting Director of Economic Planning at Abu Dhabi Department of Economic Development, said the ‘financial strength’ of Abu Dhabi is boosted by the global investors’ confidence and appetite to invest in the country. ‘Global investors have been visiting Abu Dhabi and Dubai almost weekly,’ he said, noting that the UAE capital and the UAE as a whole is in a healthy fiscal condition.
Khalid Al Kassim, Deputy Director-General of Dubai Department of Economic Development, said as other sectors are now becoming more favourable for investments, delegations of ‘sincere investors’ have begun flocking the emirate.