Mubasher: Investments by the UAE internationally have massively increased during the previous years, UAE economy minister Sultan El-Mansouri said in a statement.
He added that total investments in 2015 reached about $9.3 billion raising the cumulative return of the international investments to $87.4 billion.
Speaking at the first annual meeting of UAE International Investors Council (UAEIIC), Mansouri pointed out that these investments make the UAE the top Arab country in terms of international investments.
The economy minister told Mubasher Magazine at an earlier time that he expects the country’s gross domestic product (GDP) to grow by 3% to 3.5% this year, and rise further to 4% in 2017 as oil prices were likely to rebound.
The UAE's GDP registered 3.5% growth in 2015.
The International Monetary Fund (IMF) previously expected the UAE's GDP to grow 2.4% in 2016 due to low oil prices and the quite-tightened monetary policy.
Oil prices hover now around $50 per barrel having dropped from $115 pb in June 2014 to less than $30 pb in January 2016.
