Page 342 - Ministry of Economy - December 2017

12/25/2017 UAE is Mena’s 2nd largest FDI recipient | GulfBase.com

UAE is Mena’s 2nd largest FDI recipient

07/12/2017 06:03 AST
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.

https://www.gulfbase.com/news/uae-is-mena-s-2nd-largest-fdi-recipient/301781 1/1