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12/26/2017 Dubai seeks to attract FDI at April investment meet – Emirates Business

Dubai seeks to attract FDI at April investment meet

 Admin  7 days ago  Local News

Dubai / WAM

The Annual Investment Meeting (AIM) will take place at the Dubai World Trade Centre from April 9-11,

2018 with the participation of leaders, decision-makers and high-level local, regional and international

government officials.
The annual forum is one of the leading regional events on foreign direct investments (FDI), and is

organised by the UAE Ministry of Economy under the patronage of the Vice President, Prime Minister and

Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. It is expected to attract more
than 20,000 investors and visitors from various developed and emerging markets this year and will adopt

the theme ‘Partnerships for Inclusive Growth and Sustainable Development.

AIM is a leading platform for strengthening the UAE’s role as a distinctive investment destination. In the
World Bank’s Ease of Doing Business for 2018 report, the UAE ranked 21 out of 190 countries in Ease of

Doing Business, up by five levels from 26th position in 2017.

Cumulative FDI to the UAE increased to US$117.9 billion by the end of 2016 from around $109 billion by
the end of 2015, at a growth rate of 8.2 percent. The rise was supported by higher investments in

manufacturing and other heavy industries,

according to recent reports.
Sultan bin Saeed Al Mansouri, Minister of Economy, said, “FDI is instrumental to achieving sustainable

economic growth. We in the UAE are constantly adopting policies and structures that will ultimately
provide us with a suitable environment for attracting FDI and retaining its positive impact to

attain the desired results.”

Al Mansouri noted that it is important for countries to develop appropriate policies and frameworks for
taking the best advantage of inward FDIs to support their development objectives.

According to the 2017 Global Investment Report published by the UN Council on Trade and Development,

UNCTAD, the UAE was the eleventh largest FDI recipient in Asia. Its main investors are from the UK, the US
and India. After having declined in 2009, FDI inflows recovered in 2016, when the UAE attracted around

$8.9 billion to surpass the 2015 figure by around 2.2 percent primarily due to the political and

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