Volume for Abu Dhabi FDIs reached Dh31.465b in 2007

Monday saw the Statistics Centre Abu Dhabi releasing results related to foreign direct investment (FDI), which reached Dh31.465 billion for 2007 in Abu Dhabi.

The survey suggests that the largest shares was contributed by real estates and rents with Dh11.840 billion or 38 per cent of the volume of FDI; followed by water and electricity which together contributed Dh6.157 billion or 20 per cent of total FDI for the year.

The next-in-line contributors were the financial intermediation and insurance activity with Dh4.56 billion or 15 per cent of the total FDI for 2007.

While the survey results specified that restaurant and hotels contributed 0.14 per cent (Dh45 million) of FDI for the year; it should be mentioned the survey also informed that FDI from GCC states reached Dh257 million or 0.8 per cent.

"Investments from other Arab countries amounted to Dh2.16 billion, which makes up 6.9 per cent of the total FDI, while Asian countries invested Dh2.699 billion," said the survey.