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United Arab Emirates FDI Outlook

Author

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  • Wasseem Mina

Abstract

type="main" xml:id="twec12169-abs-0001"> FDI is important in building a sustainable and diversified knowledge-based UAE economy. The stock of FDI grew at an average annual growth rate of 49 per cent over the past decade reaching US$85.4 billion or nearly 25 per cent of GDP in 2011. FDI flows have not recovered from the global financial crises. Most FDI stock is concentrated in finance, construction and real estate. Recent greenfield FDI is concentrated in construction, while more than half of the top merger and acquisition deals took place in finance, transportation, communications and utilities. The list of top OECD home countries for FDI in the UAE included Chile, Denmark, Italy, Japan, Luxembourg, Switzerland, UK and the US. Though investment policy limits foreign investment and reduces competition, the UAE has undertaken reforms and contracted investment treaties that have encouraged investment. Efforts are under way to speed up the ratification of a new foreign investment law, which removes several of the current legal barriers to FDI and offers foreign investors similar rights to those of UAE nationals. The UAE has significant potential for improving FDI performance.

Suggested Citation

  • Wasseem Mina, 2014. "United Arab Emirates FDI Outlook," The World Economy, Wiley Blackwell, vol. 37(12), pages 1716-1730, December.
    • Handle: RePEc:bla:worlde:v:37:y:2014:i:12:p:1716-1730
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    File URL: http://hdl.handle.net/10.1111/twec.2014.37.issue-12
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    Cited by:

    1. Henry C., Alphin Jr & Jennie, Lavine, 2016. "Higher Education and Philanthropy Potential in the GCC States: Analysis of Challenges and Opportunities for FDI and Venture Philanthropy in the MENA Region," MPRA Paper 70781, University Library of Munich, Germany.
    2. Petrović, Predrag & Filipović, Sanja & Radovanović, Mirjana, 2018. "Underlying causal factors of the European Union energy intensity: Econometric evidence," Renewable and Sustainable Energy Reviews, Elsevier, vol. 89(C), pages 216-227.
    3. Akram Masoud Haddad, 2018. "The Impacts of the Inwards and Outwards FDI on the Development Measured By HDI: the Case of United Arab Emirate," International Journal of Economics and Financial Issues, Econjournals, vol. 8(4), pages 301-312.

    More about this item

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F6 - International Economics - - Economic Impacts of Globalization

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