Jul 2, 2014

Foreign investment in commodity production rising

Cumulative foreign investment in the commodity-production sector reached more than US$4 billion at the end of May, according to the Directorate of Investment and Companies Administration

DICA said the investment had gone into 357 companies.

These include manufacturers of beverages, electronic devices and construction materials.

Total FDI reached $46 billion at the end of May, with the lion’s share going into the energy sector.

DICA said FDI into agriculture, livestock and fisheries remained low.

Source: Elevrn Weekly Media