Dubai – Mubasher: Foreign direct investment (FDI) in the UAE rose 2.2% to $9 billion due to the country’s stable political and economic situation.
The UAE mostly lures investments in the sectors of trade and retail, real estate, financial services, insurance, and manufacturing, according to the Annual Investment Meeting (AIM).
Foreign inflows into the UAE grew 8.2% to $117.94 billion at the end of 2016 from $108.96 billion at the end of 2015.
The UAE ranked the 11th as the largest receiver of FDI in Asia, luring investors from the UK, the U.S., and India, according to the United Nations Conference on Trade and Development’s (UNCTAD) report for 2017.
The AIM, which will take place in Dubai World Trade Centre on 9 to 11 April 2018, is a global conference and exhibition aims at achieving the sustainable global economic growth.
The AIM, whose theme is “Linking Developed and Emerging Markets through FDI: Partnerships for Inclusive Growth and Sustainable Development”, is expected to attract up to 20,000 investors and visitors over the three-day event.
