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$25.9bn FLOWS INTO EMIRATE

Foreign direct investments in Abu Dhabi jumps 8pc

ABU DHABI, January 15, 2017

The UAE emirate of Abu Dhabi posted an increase of 8 per cent in foreign direct investments (FDIs) to Dh95.145 billion ($25.9 billion) in 2016, compared with Dh88.95 billion ($24.22 billion) in 2015, a report said.

The data came in the estimation of the annual report on direct foreign investment, issued by the Statistics Center – Abu Dhabi (SCAD) for 2016, said the Wam news agency report.

The results indicated that 20.2 per cent or Dh19.182 billion of the FDIs went to manufacturing industries, with a growth rate of 11.2 per cent compared to 2015 when manufacturing industries received 19.5 per cent of FDIs, or Dh17.204 billion.

Investments in real estate activities, including "real estate sales to non-residents", took 25.2 per cent of FDIs or Dh24.007 billion in 2016 compared to 27 per cent of the total DFI, or Dh23.793 billion in 2015.

The estimates showed an increase in FDIs in financial and insurance activities, from Dh13.338 billion in 2015 to Dh14.672 billion in 2016, with a growth rate of 10 per cent. These activities were responsible for 15.1 per cent of the total FDIs in 2015 and for 15.4 per cent of FDIs in 2016, the report said.

SCAD’s report noted that the share of the extracting industries (including crude oil and natural gas) in FDIs grew by 11 per cent in 2016, from Dh8.354 billion in 2015 to Dh9.273 in 2016, accounting for 9.5 per cent and 9.7 per cent of the total FDIs, respectively.
 




Tags: UAE | abu dhabi | FDI |

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