UAE gets record $9B FDI on high level of security
ajman — The UAE attracted $9 billion worth of foreign investments last year due to high level of security in the country, says a senior government official at Ajman Conference for Sustainability and Sustainable Economy.
Major General Shaikh Sultan bin Abdullah Al Nuaimi, Commanderin-Chief of Ajman Police, said the UAE ranked first among Arab countries to attract higher foreign direct investment (FDI).
“The Arab countries attracted investments valued at $30 billion in 2017 while the UAE alone witnessed an increase of 25 per cent in FDI at $9 billion despite the decline in the oil industry,” he said.
He attributed the increase to several factors with emphasis on the high level of security provided by police forces across the country.
“According to latest statistics, the safety index in the country increased from 86.5 in 2015, to 93.6 in 2016 and to 96.8 last year, which clearly indicates that we are near achieving our strategy to becoming the number one safest country by 2021,” he said.
The figures also disclosed that the increase in the safety index was directly affected by several factors including the rate of response time to emergencies, the rate of road deaths per each 100,000, the satisfaction of community members, and crime rate, among others.
“The UAE came second after
The safety index in the country increased from 86.5 in 2015 to 93.6 in 2016 and to 96.8 last year Major General Shaikh Sultan bin Abdullah Al Nuaimi, Commander-in-Chief of Ajman Police
NewYork with a response time to emergencies of 10 minutes,” he said, adding that the road death dropped from 6.1 per cent in 2016 to 4.5 per cent last year and the overall satisfaction of the community increased to 91.7 points.
The ceremony, which was attended by Shaikh Rashid bin Humaid Al Nuaimi, Chairman of Ajman Municipality and Planning Department, aims to effectively contribute to supporting and achieving the objectives of the Ajman Vision 2021 to turn the emirate into an investment destination.
Speaking to Khaleej Times on the sideline of the forum, Dr Thumbay Moideen, founder and president of Thumbay Group, briefed the participants about the group’s progress on health front. He said Thumbay Group set up the Gulf Medical University in Ajman in the mid-1990s. The group also built a string of teaching hospitals and several other companies in the UAE, he said.
“It was with the support of Ajman Ruler that we were able to achieve this success, and of course the outstanding performance of the emirate’s institutions including Ajman Police,” he said.
— afkarali@khaleejtimes.com