Abu Dhabi – Mubasher: Foreign direct investment (FDI) in the emirate of Abu Dhabi amounted to AED 100 billion ($27.23 billion) in 2017, unchanged from 2016 figures, data released by the Statistics Centre Abu Dhabi (SCAD) showed.
European FDI ranked highest in terms of value in the emirate, representing 38.8% or AED 38.8 billion, SCAD said, indicating that Asian non-Arab investments came in second with AED 13.8 billion, whereas investments from North America amounted to AED 7.5 billion last year.
As for Arab FDI, the emirate saw AED 6 billion in investments, of which AED 3.4 billion were from the GCC, whose investments have grown by 18.2% from 2016.
Analysts expect the coming period to see additional FDI inflows in the emirate of Abu Dhabi and the UAE as a whole, particularly after the government issued a new law to bolster incoming investments.
Austria topped the list of countries investing in Abu Dhabi with AED 14.5 billion, followed by the UK with AED 13 billion, Japan with AED 7.3 billion, France and the Cayman Islands with AED 6.5 billion and AED 2.8 billion, while Germany’s FDI amounted to AED 2.5 billion.
In addition, Germany, the United States, and South Korea invested AED 2.5 billion, AED 2.4 billion, and AED 2.23 billion, respectively in Abu Dhabi in 2017, data by SCAD indicated.
Kuwait and Lebanon also invested AED 2.2 billion and AED 2 billion, respectively.
