FDI grows 14.1% to Dh82 billion in 2014: Scad
Abu Dhabi - According to the report, total FDI stock grew by 14.1 per cent from Dh71,931million in 2013 to Dh82,083 million in 2014.
In an effort to provide Foreign Direct Investment, or FDI, indicators at an early point in the year, Statistics Centre- Abu Dhabi, or Scad, released 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 per cent from Dh71,931million in 2013 to Dh82,083 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 per cent from Dh10,137 million or 14.1 per cent of total FDI stock in 2013 to Dh13,486 million or 16.4 per cent 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 per cent of total FDI stock in 2014, up from Dh23,599 million or 32.8 per cent of total FDI stock in 2013.
Manufacturing accounted for 17.3 per cent of total FDI stock in 2014, attracting investments worth Dh14,210 million, up 8.9 per cent from Dh13,043 million or 18.1 per cent of total FDI stock in 2013.
'Mining and quarrying' (including crude oil and natural gas) grew by 21.6 per cent from Dh7,267million or 10.1 per cent of total FDI stock in 2013 to Dh8,838 million or 10.8 per cent 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. - Wam