108 Billion dirhams of foreign investment in Abu Dhabi last year

The real estate and manufacturing sectors accounted for the largest share of total foreign direct investment in the Emirate of Abu Dhabi last year, estimated at AED 108.045 billion, an increase of 7.1% compared to 100.88 billion in 2016, according to a recent report by the Abu Dhabi Statistics Center. The real estate and related businesses, which include non-resident real estate sales, recorded the highest contribution to the total FDI stock by 27.7 percent for the years 2016 and 2017 to about 27.95 billion dirhams and 29.89 billion dirhams, respectively, the report said yesterday.

The report pointed out that the value of investments in the activities of transformation industries in 2017 increased to 19.2 billion dirhams from 18 billion dirhams in 2016.

According to the report, the contribution of construction activity to total FDI increased from 7.9% in 2016 to AED 8.01 billion to 8.6% in 2017, equivalent to AED 9.3 billion. The United Kingdom was among the top ten countries in terms of volume of foreign direct investment by country of origin in the Emirate of Abu Dhabi, with the highest contribution rate of about 15%.