POST Online Media Lite Edition


Abu Dhabi posts rise of 8 percent in FDI

Staff Writer |
Foreign Direct Investments (FDIs) in UAE capital Abu Dhabi grew eight percent year on year, equaling 95.145 billion dirham ($25.92 billion).

Article continues below

This is compared with 88.95 billion dirham ($24.24 billion) in 2015, UAE state news agency WAM reported.

The WAM report quoted new figures issued by the Statistics Center Abu Dhabi (SCAD) for 2016.

The results indicated that 20.2 percent FDIs have gone to manufacturing industries, with a growth rate of 11.2 percent compared to 2015 when manufacturing industries received 19.5 percent of FDIs.

The share of FDIs into the property market, on the other hand, has declined.

Investments in real estate activities, including "real estate sales to non-residents", has taken 25.2 percent of FDIs to 27 percent of the total DFI, or 23.793 billion dirham in 2015, according to the SCAD figures.

What to read next

Tourists visiting Abu Dhabi, Dubai, RAK increase 9.9 percent
Throughput grew at Abu Dhabi ports in 2015
Abu Dhabi real estate market stagnant