With a growth of 2.3%, despite the repercussions of the pandemic

104.4 billion dirhams of foreign direct investment balance in Abu Dhabi during 2020

Abu Dhabi real estate contributed 29% of the total balance of foreign direct investment in the emirate.

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The Statistics Center in Abu Dhabi revealed that the balance of foreign direct investment in the emirate amounted to 104 billion and 483 million dirhams during the past year, compared to 102 billion and 159 million dirhams in 2019, a growth of 2.3%, despite the repercussions of the “Corona” pandemic, which affected negatively on foreign direct investment in many countries and cities of the world.

In a report issued yesterday, on foreign direct investment in Abu Dhabi in 2020, the center explained that the most contributing activities to the balance of foreign direct investment in the emirate during the past year were real estate activities, including real estate sales to non-residents, which contributed 29% of the total foreign investment balance. During the year 2020, with a total value of 30.5 billion dirhams, a growth of 0.7% compared to 2019.

Abu Dhabi Statistics added that the contribution of extractive industries, which includes crude oil and natural gas, amounted to 21%, with a total of about 22 billion dirhams, compared to 21.5 billion dirhams in 2019, an increase of 2%.

According to the report, manufacturing industries contributed 14.5% to FDI worth 15.1 billion dirhams in 2020, compared to 15.4 billion dirhams in 2019, a decrease of 2.1%.

The report indicated that the electricity, water and waste management activities contributed 12.7% of the foreign direct investment, amounting to 13.2 billion dirhams in 2020, compared to 12.8 billion dirhams in 2019, an increase of 3.5%, followed by financial and insurance activities with a value of 9.1 billion dirhams during In 2020, a growth of 5.2% compared to 2019.

According to the report of the Statistics Center in Abu Dhabi, then came construction and building activities with a value of 6.3 billion dirhams, then scientific, professional and technical activities with a value of 3.6 billion dirhams, then wholesale and retail trade and vehicle repair with a value of 2.3 billion dirhams, followed by transport and storage with a value of 1.5 billion dirhams, then communications And information with a value of 346 million dirhams, and then came a group of activities such as education, administrative services activities, support activities, human health activities, social activities, accommodation and food services, which contributed less to foreign direct investment in Abu Dhabi.

• Real estate activities contribute the most to the balance of foreign direct investment in the Emirate.

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