2024-01-01 09:34:21
Abu Dhabi – Mubasher: The economy of the Emirate of Abu Dhabi has attracted direct foreign investments exceeding half a trillion dirhams ($226.5 billion) within 8 years.
Official data issued by the Statistics Center in the Emirate of Abu Dhabi indicated that the balance of foreign direct investment increased by 178.4%, or more than 532.8 billion dirhams ($145.17 billion), to 831.5 billion dirhams ($226.56 billion) by the end of 2022 from 298.7 billion dirhams ($81.39 billion). ) by the end of 2014.
The data indicated that the total stock of foreign investment in the emirate increased by 9.7% during 2022, or an increase of 73.2 billion dirhams ($19.9 billion) from 758.3 billion dirhams ($206.6 billion) at the end of 2021.
The balance of foreign investment in the emirate has doubled since 2014, reaching 298.7 billion dirhams ($81.39 billion).
The Statistics Center recently announced the growth of the real non-oil GDP of the Emirate of Abu Dhabi during the third quarter of 2023 by 7.7%, compared to the third quarter of 2022.
According to the centre’s initial estimates, most non-oil sectors continued to achieve significant growth rates, bringing their contributions to the overall economy to 52.8%.
Manufacturing activities topped the list of non-oil activities with a value of 26.3 billion dirhams, contributing more than 17% of the non-oil GDP, and 9% of the value of the GDP.
Construction activity continued to expand with positive growth rates reaching 14.3% during the third quarter of 2023 compared to the third quarter of 2022.
The added value of this activity amounted to 25 billion dirhams, contributing more than 16.3% of the non-oil GDP, and 8.6% of the added value to the overall economy during the third quarter of 2023.
Statistics Center estimates revealed growth in most non-oil sectors, led by the transportation and storage sector, which achieved the highest growth in this quarter at 20% compared to growth rates in previous quarters, influenced by the significant growth in the size of the shipping container market and the number of flights and passengers.
Financial and insurance activities witnessed a growth of 14.4% during the third quarter of 2023, compared to the same period in 2022, with the added value of this sector increasing to 18.7 billion dirhams, bringing their share in the emirate’s gross domestic product to 6.4% during this period.
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Nominations:
77.9 billion dirhams, the value of real estate transactions in Abu Dhabi in 2023
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