UAE largest FDI beneficiary in Arab world in 2016

Abu Dhabi: Sultan Bin Saeed Al Mansouri, Minister of Economy, has announced that the average value of foreign direct investment (FDI) received by the country in 2016 reached $9 billion (Dh33 billion).

The UAE’s outgoing international investments also reached $15.7 billion, making the country the largest receiver of FDIs in the Arab region and the largest Arab investor abroad, he added.

In his lecture yesterday at the headquarters of the National Defence College in Abu Dhabi, Al Mansouri said that the cumulative balance of incoming FDI at the end of 2016 reached $117.9 billion while the balance of the UAE’s direct investments aboard reached $113.2 billion.