Page 341 - Ministry of Economy - December 2017

UAE is Mena’s 2nd largest FDI recipient

Gulf Today2 week
DUBAI: The Annual Investment Meeting, AIM, will take place at the Dubai World Trade Centre
from April 9th -11th, 2018. The conference will discuss issues related to investment and
development.
The Cumulative Foreign Direct Investment, FDI, of the UAE jumped to $117.9 billion by the end
of 2016 from $109 billion by the end of 2015, a growth of 8.2 per cent supported by increasing
investments in areas of transformational and other heavy industries, according to recent reports.
According to the 2017 Global Investment Report published by the United Nation’s Council on
Trade and Development, UNCTAD, the UAE is the 11th largest FDI recipient in Asia. Its main
investors are the UK, Japan and Hong Kong. In 2016, the UAE attracted $8.9 billion, a 1.7 per
cent increase on 2015, with the political and economic stability of the country attracting investors.
The bulk of FDI is concentrated in retail/wholesale trading, real-estates, insurance and
manufacturing industry sectors.
AIM is a three-day FDI focused event, an initiative of the UAE Ministry of Economy, held under
the patronage of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh
Mohammed Bin Rashid Al Maktoum.
With a theme, ‘Linking developed and emerging markets through FDI: Partnerships for inclusive
growth and sustainable development’, AIM is expected to draw more than 20,000 investors,
delegates and trade visitors across the event.
“FDI can be used as a vehicle to achieve sustainable growth. In the UAE, we are continuously
working to adopt policies and structures that will ultimately provide us with the right environment
to not only be able to attract FDI, but also to retain its positive effects and desired spillovers,”
Sultan bin Saeed Al Mansouri, Minister of Economy, said in a statement to announce the 8th
edition of the AIM Congress.
WAM

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