The United Nations projects global Foreign Direct Investment (FDI) to reach 1.6 trillion U.S. dollars in 2014, representing a nine percent increase from 2013 when the figure was 1.45 trillion dollars, said an UN official on Tuesday.

United Nations Conference on Trade and Development (UNCTAD) Secretary General Mukhisa Kituyi said in Nairobi developing economies will be the biggest recipients.

"However, risks related to policy uncertainty as well fragility in some emerging nations could affect the actual figures," Kituyi said during the launch of the 2014 edition of the World Investment Report

He said FDI to developing economies hit 778 billion dollars in 2013, accounting for 54 percent of the total.

The UNCTAD chief noted the world's poorest nations are now less and less dependent on extractive industry investment.

"In fact the manufacturing and services sectors account for 90 percent of new investments in Africa and in the least developed countries," he said. Endi

Go to Forum >>0 Comment(s)