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Dubai / Emirates Business
Global investment is seeing a bumpy recovery as worldwide foreign direct investment (FDI) flows reach $1.52 trillion in 2017, according to the World Investment Report published by the United Nations Council on Trade and Development (UNCTAD). FDI to developing economies remained stable, at an estimated $653 billion, 2 percent more than the previous year.
A number of issues relating to FDI, obstacles to investment and development, will be addressed at three-day mega global event, Annual Investment Meeting (AIM) that takes place at Dubai World Trade Centre, from April 9-11.
The FDI inflow in to the UAE reached $10.3 billion (AED37.8 billion) in 2017, according to the UAE Competitiveness and Statistics Authority up from $9.6 billion (AED35.23 billion) recorded in 2016. This takes the total FDI stock of the country to $128.94 billion in 2017.
Dawood Al Shezawi, the CEO of AIM, said “The UAE’s FDI inflow is a living testimony of how liberal approach and an ease in doing business is helping the UAE attract more investment. The UAE’s FDI stock now exceeds $128.85 billion, which is significant and puts the UAE ahead of most countries in the Middle East.
More than 20,000 investors, financial institutions, institutional investors, delegates, government officials and parti- cipants will participate at a series of events during the Annual Investment Meeting