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12/26/2017 UAE’s inbound FDI surges by $9bn in 2016

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Tuesday 26 December 2017

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UAE’s inbound FDI surges by Tools
$9bn in 2016
DUBAI, 7 days ago
Cumulative foreign direct investment (FDI) to Exchange Rates
the UAE increased to $117.9 billion by the
end of 2016 from around $109 billion by the
end of 2015, at a growth rate of 8.2 per
cent, said the organisers of the upcoming Weather Forecast
Annual Investment Meeting (AIM) in Dubai,
UAE, citing recent reports.

AIM will take place at the Dubai World Trade BBC World Service
Centre from April 9 to 11, 2018 with the
participation of elite leaders and decision
makers and high-level local, regional and
international government officials. Sultan bin Saeed Al Mansoori Ads

The annual forum is one of the leading regional events on FDI and is organized by the UAE Ministry of Economy
under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and
Ruler of Dubai.

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, the UAE ranked 21 out of 190 countries in Ease of Doing Business, up
by five levels from 26th in the 2017 report.

Sultan bin Saeed Al Mansoori, UAE 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 Mansoori 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 11thlargest 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 per cent primarily due to the political and economic stability of the
country. FDI is mainly concentrated in the retail/wholesale trading, real estate, financial services, insurance, and
manufacturing sectors.

“The world today is highly interdependent, with any side affecting and affected by what is happening in any other
part. We face common challenges which we can overcome through mutual efforts and synergy between
governments and the private sector which will enable us to build a future that benefits all people worldwide,
allowing them to enjoy a life of security, stability, and well-being,” Al Mansoori added.

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