71 billion dirhams increase in foreign direct investment flowing to the UAE within two years

Media In – Abu Dhabi 11 July 2018 / WAM /
The increase in foreign investment in the UAE reached 71 billion dirhams during the last two years (2016-2017), in a move that reflects the country’s strong position as a center of attraction for foreign investments in the Gulf region and the Middle East in general.
The United Arab Emirates (UAE) has made progress in terms of its attractiveness to foreign direct investment over the past year, according to the results of the United Nations Conference on Trade and Development (UNCTAD) Foreign Direct Investment Report.
With the continued flow of foreign direct investment into the country, the cumulative balance of the monitoring period increased to AED 471 billion by the end of 2017, according to UNCTAD, which was based on the Ministry of Economy’s report on the performance of the national economy.
The preliminary reading of the FDI inflows shows that the total cumulative balance in 2015 reached about 400 billion dirhams and rose to 433 billion dirhams in 2016, an increase of 33 billion dirhams and a growth rate of 8.2 percent.
Investment experts expect more foreign direct investment to flow into the country in the coming phase, given the attractiveness of the investment climate in general and the proximity of the country to hosting the Expo 2020.