The hot market of Iranian investment in the U.A.E.

Iran Press News: The regime-run News Agency ISNA reported: According to the latest statistics published by the authorities in Dubai, as of early 2006 Iranians have invested more than $300 billion in the emirate.

Osama Al-Amri, the head of the free trade area of Ras Al Khamia, announced that according to the latest published statistics more than 330 Iranian companies have been established in this region. He added that each month 100 new companies are registered and thus far approximately 2400 new companies have been registered in that region; 100% more are foreseen to be registered within the coming year.

Al Amri said: "Direct foreign investment in the free trade zone has so far reached 100 billion Dirhams (approximately $27 billion). We have single-handedly invested five billion Dirhams (approximately $1.4 billion) for the investment structure so that there are good incentives for investors.