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ABU DHABI / WAM
Estimates of 2015 total direct foreign investment(FDI) in the Emirates of Abu Dhabi showed a growth of 8.9% to reach AED 88.324 billion against AED 81.112 billion in 2014. 18.9% or AED 16.710 billion of these direct foreign investments went to the manufacturing industries in 2015, with a 7.8% growth rate, against AED 15.502 billion and a contribution percentage of 19.1% in this sector in 2014.
The overall growth of foreign direct investment in the Emirate of Abu Dhabi grew by 12.8% to AED 81.1 billion in 2014 compared to AED71.9 billion in 2013.
The figures came as part of the final findings of the field foreign investment survey carried out by the Statistics Centre – Abu Dhabi, SCAD. The survey covered direct foreign investment for economic activity, the portfolio and other foreign investments in the different regions of the emirate. Ali Majed Al Mansoori, Chairman of Abu Dhabi Department of Economic Development (ADDED), stressed the continuous uptrend and development in the investment environment of the Emirate of Abu Dhabi, which attracts more foreign investment as a result of the efforts of all relevant government bodies to develop and improve the emirate’s investment environment in light of Abu Dhabi Economic Vision 2030. Most of these investments were concentrated in Abu Dhabi region which received AED 80.463bn whereas direct foreign investments in the Western Region amounted to AED 484mn and Al Ain region received AED 283mn of direct foreign investment in the same year.