Abu Dhabi – Mubasher: Abu Dhabi foreign direct investment (FDI) policies’ transparency general index rose 0.5% in 2016, according to a statement by the emirate’s Department of Economic Development.
The index edged up to 71.9 points by the end of 2016, compared to 71.5 points in 2015, the statement showed.
The increase reflects the efforts exerted by the government to stimulate foreign investors to invest in Abu Dhabi’s local economy.
A previous statement released by Abu Dhabi Statistics Center showed that FDI jumped 8% year-on-year to AED 95.14 billion in 2016, compared to AED 88.09 billion during 2015.
A new investment law draft allows foreign investors to own 100% of a company’s capital in some sectors, opening the way for such investments to expand.
