Islamic Chamber of Commerce, Industry and Agriculture issued the following announcement on April 3.
The Foreign Direct Investment (FDI) inflow in to the UAE reached $10.3 billion (Dhs37.8 billion) in 2017, according to the UAE Competitiveness and Statistics Authority up from $9.6 billion (Dhs35.23 billion) recorded in 2016. This takes the total FDI stock of the country to $128.94 billion in 2017.
Global investment is seeing a bumpy recovery as worldwide foreign direct investment (FDI) flows reach $1.52 trillion in 2017, according to the World Investment Report published by the United Nations Council on Trade and Development (UNCTAD). FDI to developing economies remained stable, at an estimated $653 billion, 2 percent more than the previous year.
However, a number of issues relating to FDI, obstacles to investment and development, will be addressed at a three-day mega global event, Annual Investment Meeting (AIM) that takes place at the Dubai World Trade Centre, from April 9-11, 2018.
Dawood Al Shezawi, CEO of AIM, said “The UAE’s FDI inflow is a living testimony of how liberal approach and an ease in doing business is helping the UAE attract more investment. The UAE’s FDI stock now exceeds $128.85 billion, which is significant and puts the UAE ahead of most countries in the Middle East.
“Additionally, in the real estate sector, Dubai Land Department’s sound regulation that ensures maximum investment protection through escrow account has helped the emirate attract Dhs107 billion ($29.15 billion) investment in 2017 by 39,480 investors through 52,958 transactions – more than 65 percent of which was carried out by foreign investors.
“Besides, the country’s 45 free zones collectively create a large gateway for trade and investment. In 2017, the UAE’s free zones handled Dhs225.5 billion ($61.39 billion) worth of exports, a growth of 6.6 percent from the previous year, according to the UAE Central Bank.
“The forthcoming Annual Investment Meeting will focus on accelerating FDI flows across the world and explore new ways to boost investment and trade.”
More than 20,000 investors, financial institutions, institutional investors, delegates, government officials and participants will participate at a series of events – exhibition, conference, country presentations, investors hub, investment awards and capacity–building workshops – to help attract investment in specific economic sectors and free zones or special economic zones.
A Head of State, Governments, more than 40 Government Ministers and State Ministers will join a prestigious line-up of business leaders from 140 participating countries including more than 50 Country Pavilions and more than 100 Investment Promotion Agencies (IPAs) at the AIM, where countries will promote their investment climate and ease in doing business to attract investment.
Original source: http://iccia.com/?q=mediacenter/news/25693/details
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