FDI grows 14.1% to Dh 82 billion in 2014, reports SCAD

Abu Dhabi, July 12, 2015 (WAM): In an effort to provide Foreign Direct Investment (FDI) indicators at an early point in the year, Statistics Centre- Abu Dhabi, SCAD, released yesterday its estimates of FDI stock in the Emirate of Abu Dhabi for the year 2014. According to the report, total FDI stock grew by 14.1 percent from Dh 71,931million in 2013 to Dh 82,083 million in 2014. A breakdown of this growth reveals varying increases in the shares of several activities, led by the ‘Financial institutions and insurance’ activity, which advanced 33 percent from Dh 10,137 million or 14.1 percent of total FDI stock in 2013 to Dh13,486 million or 16.4 percent of total FDI stock in 2014. The ‘Real estate and business services’ activity (Including real estate sales to non-residents) increased to Dh 24,895 million or 30.3 percent of total FDI stock in 2014, up from Dh 23,599 million or 32.8 percent of total FDI stock in 2013. Manufacturing accounted for 17.3 percent of total FDI stock in 2014, attracting investments worth Dh 14,210 million, up 8.9 percent from Dh 13,043 million or 18.1 percent of total FDI stock in 2013. ‘Mining and quarrying’ (including crude oil and natural gas) grew by 21.6 percent from Dh 7,267million or 10.1 percent of total FDI stock in 2013 to Dh 8,838 million or 10.8 percent of total FDI stock by the end of 2014. SCAD adheres to standard methodologies in the estimation of total FDI stock, a practice that demonstrates the Centre’s commitment to taking full advantage of available resources and capacities to provide accurate, up-to-date and objective official statistics that can support decision-making, contribute to the implementation of the emirate’s policies and the achievement of its vision. – Emirates News Agency, WAM – http://www.wam.ae/en/news/economics/1395283165709.html