Global flows of foreign direct investment (FDI) fell by 16% in 2017 to an estimated $1.52 trillion, from a revised $1.81 trillion in 2016, according to the latest World Investment Report. It is forums like this that offer a platform for the same, and will contribute to mapping of FDI in Sharjah and the UAE," Al Mansouri said. The UAE has been the prime regional destination of FDI inflows at about $11 billion in 2017, accounting for 22 per cent of total flow to the Middle East and North Africa region. "The UAE and Sharjah recognise the needs of investors, and has been strengthening its infrastructure and legal framework to benefit businesses and society," Al Sarkal added. The second MoU was entered into by the Sharjah Research Technology & Innovation Park (SRTI) and Republic of Korea's Daejeon Information & Culture Industry Promotion Agency (DICA).

Source: The North Africa Journal December 11, 2018 10:07 UTC