UAE to remain on top
The UAE is poised to maintain its position as the number one recipient of foreign direct investments in Arab world despite the fact that investments across the globe are seeing a bumpy recovery.
dubai — The UAE, which leads the Arab world as the number one recipient of foreign direct investments, is well positioned to maintain its position even as investments across the globe are seeing a bumpy recovery.
The Annual Investment Meeting (AIM) that takes place at the Dubai World Trade Centre from April 9-11, 2018 will examine the opportunities and challenges the UAE faces relating to FDI, Dawood Al Shezawi, CEO of AIM, said on Monday.
The UAE, which drew $10.3 billion FDI in 2017, is a living testimony of how liberal approach and an ease in doing business can help a country attract more investment, said Al Shezawi.
“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,” he said at a press conference to announce AIM.
The event will discuss contemporary investment trends. AIM in- cludes a three-day series of conferences with world-renowned speakers. The conference will focus on: Driving sustainable development through FDI; Investment in the Fourth Industrial Revolution; How technology is changing the future of productivity and growth; Public-private partnerships for infrastructure projects, Sovereign Wealth and Private Equity Funds and their role in investment. On top of the FDI, Dubai Land Department’s sound regulation that ensures maximum investment protection through escrow account has helped Dubai real estate sector attract Dh107 billion investment in 2017 from 39,480 investors through 52,958 transactions — more than 65 per cent of which was carried out by foreign investors.