WATER: AED 71 billion increase in foreign direct investment in two years

The value of foreign investment in the UAE reached AED 71 billion in the last two years years "2016-2017", in a move that reflects the UAE's position as a center of attraction for foreign investment in the Gulf region and the Middle East in general. According to the results of the United Nations Conference on Trade and Development (UNCTAD) Report on Foreign Direct Investment, the UAE has made progress over five years in terms of attractiveness for foreign direct investment over the past five years. of the past year.

With the continued inflow of foreign direct investment into the UAE, the cumulative balance of the monitoring period amounted to AED 471 billion at the end of 2017, according to UNCTAD, based on the report of the Ministry of Economy on the performance of the national economy.

Preliminary reading of the influx of FDI to the UAE shows that the cumulative UAE balance reached AED 400 billion in 2015 and AED 433 billion in 2016, an increase of AED 33 billion and a increase of 8.2%.

The flow of foreign investment continued to improve in 2017, rising by AED 38 billion and an increase of 8.8%, bringing the cumulative balance to AED 471 billion, according to the same sources.

Investment experts expect more foreign direct investment to flow into the country during the next phase, given the attraction investment climate in general and the hosting of Expo 2020 by the UAE.

The United Arab Emirates accounted for 36% of the total inflow of FDI into the Arab world, while it ranked second in the Asian region of Africa. 39; West.