Foreign investments in the UAE exceed AED 1 trillion

Media In – Dubai, April 7, 2018
The Federal Authority for Competitiveness and Statistics announced the results of the 2017 foreign investment survey carried out in cooperation with the local statistical centers in the country. The results showed that the total foreign investment in the country exceeded AED 1 trillion at the end of 2016.
Britain topped the list of countries with foreign direct investment in the country at 16.5 percent, followed by India with 5.5 percent, USA with 4.3 percent, France with 4.1 percent and Saudi Arabia with 3.7 percent. Percent.
In terms of the economic activities that attracted these investments, wholesale and retail trade accounted for 24.9 percent of total foreign direct investment, followed by real estate activities in second place with 23.8 percent, financial and insurance activities in third place with 19.3 percent, manufacturing activity in fourth place By 9.2 percent, while quarrying and quarrying activities fell by 8.8 percent.
The Foreign Investment Survey is considered one of the most important economic surveys carried out annually to identify foreign investments in the country. Since its inception, the Federal Statistics and Competitiveness Authority has worked with local statistical centers to provide foreign investment indicators to serve decision makers and users of statistical data in general. While the survey was designed according to the best international recommendations and methodologies issued by the International Monetary Fund, namely the Balance of Payments and International Investment Position Manual, “Sixth Edition”, in addition to the unified concepts framework for investment definitions. Directed by the United Nations Conference on Trade and Development (UNCTAD).