A recent article emphasizing on growing investment in Abu Dhabi

Abu Dhabi: The foreign direct investment (FDI) in Abu Dhabi grew by 8.6 per cent to Dh88.95 billion in 2015 compared with Dh81 billion in 2014, according to a foreign investment survey conducted by Abu Dhabi Statistics Centre.

The survey covered foreign direct investment for economic activity, the portfolio and other investments.

The Abu Dhabi Statistics Centre said in a statement on Sunday that the FDI rise is attributed to the increase in various economic activities. Investments in financial and insurance activities posted Dh13.338 million, accounting for 15.1 per cent of the total foreign direct investments compared with Dh12.731 million in 2014.

And 19.5 per cent or Dh17.207 million of the foreign direct investments went to the manufacturing industries in 2015, compared with Dh15.502 million in 2014 with a contribution percentage of 19.1 per cent in this sector in 2014, as per the statistics centre estimates.

According the survey, the foreign direct investments in water, electricity, gas and recycling jumped from Dh8.279 million in 2014 (10.2 per cent of the total FDI) to Dh10.190 million in 2015, accounting for 11.6 per cent of the overall FDI in 2015.

The real estate activities, which include property sales for non-residents, reaped Dh23.793 million during 2015 while in 2014 it achieved Dh23.513 million.

The survey also revealed that the GCC (Gulf Cooperation Council) investments represented 3.6 per cent of the total FDI investments in Abu Dhabi.

Originally published on The Gulf News on 27.11.2016

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