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Abu Dhabi’s FDI grows 14 per cent last year

Of total investments, real estate accounted for nearly 30 per cent, manufacturing for nearly 17 per cent.

Total foreign direct investment (FDI) to Abu Dhabi in 2014 was AED82.083 million, Statistics Centre – Abu Dhabi (SCAD)’ estimates show.

According to SCAD’s estimates, the global FDI flow grew by 14.1 per cent compared with AED71.931m by the end of 2013, reports UAE-based Aliqtisadi.

SCAD attributes this growth to the rise by different proportions in the number of economic activities, as the investment value in the financial and insurance activities rose by 33 per cent, accounting for 16.4 per cent of the total FDI stock valued at AED13.486m.

This is compared to AED10.137m and 14.1 per cent of the total FDI stock during 2013.

The value of investments in real estate activities amounted to AED 24.895m, accounting for 30.3 per cent of the total FDI stock, a growth of 32.8 per cent.

Manufacturing activities accounted for 17.3 per cent of the total FDI stock, valued at AED 14.210m, a growth of 8.9 per cent.