UAE expects strong growth in foreign direct investments

19 September 2017

Country’s key industries have attacted over $117bn so far

The UAE government is inclined to adopt new policies to ensure it will attract higher levels of foreign direct investment over the coming years, Sultan bin Saeed al-Mansouri, UAE economy minister, tells the Sharjah Foreign Direct Investment (FDI) Forum on 19 September.

“We should attract more FDI… overcome associated challenges and introduce the best policies,” Al-Mansouri says.

The UAE attracted $9bn in FDI in 2016 and it is understood to have contributed an accumulated $117.9bn to the UAE economy so far.

These investments have mainly been directed at industries that include aluminium, tourism and aviation, among others.

Al-Mansouri says that a combination of the country’s political stability, geographical location and investment environment will enable it to become among the world’s best investment destinations in the future.

Al-Mansouri further says that in addition to attracting FDIs, the country must also “pay attention to attaining sustainable development through these investments…. generate new job opportunities and boost productivity.”

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