AED 100 billion in foreign direct investment in Abu Dhabi 2017

Media In  Abu Dhabi 21 November 2018 (WAM)
The total foreign direct investment (FDI) in Abu Dhabi reached about AED 100 billion in 2017, which is the value of 2016, according to the latest figures issued by the Abu Dhabi Statistics Center in a report to monitor the investment movement of this segment of investors.
The report shows that the bulk of the foreign investments flowing to Abu Dhabi came from European countries with a value of 38.8 billion dirhams, which constitutes 38.8% of the total balance of foreign investments in the emirate, and the investments from non-Arab Asian countries ranked second by about 13.8 billion dirhams, North American countries 7.5 billion dirhams.
On the level of foreign direct investment flowing from Arab countries to Abu Dhabi, it reached AED 6 billion at the end of last year, while the GCC countries received 3.4 billion dirhams and the rest is distributed to a group of other countries.
According to the preliminary reading of the foreign direct investment in Abu Dhabi in terms of countries, the growth of investments from the GCC countries by 18.2% during the last year compared to 2016, while the growth rate of investments from non-Arab countries, 10% in the same monitoring period.
Abu Dhabi and the UAE have an attractive investment environment for foreigners as documented in the Global Competitiveness Reports, where legislation and regulations that encourage investment and freedom of capital are available, and the recent enactment of the Foreign Investment Law is an important turning point in increasing the UAE’s competitiveness on international indices.