Direct foreign investment in Abu Dhabi grows by 12 percent

Abu Dhabi, April 11 (IANS/WAM) The overall growth of foreign direct investment in Abu Dhabi in 2014 grew by 12.8 percent, figures revealed on Monday.

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.

The findings also included direct foreign investment statistics by country groups, country of origin, regions of Abu Dhabi and establishment known for having foreign investment across the Emirate of Abu Dhabi.

Estimates of 2015 total direct foreign investment in the Emirates of Abu Dhabi showed a growth of 8.9 percent to reach 88.324 billion UAE Dirham -AED (about $24 billion) against AED 81.112 billion in 2014.

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.

--IANS/WAM

ksk/dg