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UAE acquires 60% of GCC foreign investments in 2018

UAE acquires 60% of GCC foreign investments in 2018
Foreign investments in the UAE valued at around $10.39 billion in 2018

UAE – Mubasher: The UAE has acquired the largest stake of foreign investments by 60% out of total foreign investments across the GCC states, according to the United Nations Conference on Trade and Development (UNCTAD).

Foreign investments in the UAE valued at around $10.39 billion in 2018 and the value of foreign direct investments (FDI) rose by 0.39% year-on-year, the UNCTAD said.

In 2017, the GCC state attracted around $10.35 billion in FDI.

Total FDI in the GCC region stood at $17.38 billion in 2018, compared to $16.55 billion in 2017, according to a survey conducted by Mubasher based on the UNCTAD’s data.