FDIs covered all economic platforms, primarily the Oil & Gas, considering the massive investment partnerships struck by the Abu Dhabi National Oil Company (ADNOC) with a number of foreign companies. The UAE has drawn FDIs for digital economy, including Artificial Intelligence, Internet of Things, blockchain, medical knowhow, augmented and virtual reality (AR and VR), robotics, self-drive automobiles, renewable energy, innovation, agri-tech, etc. In terms of FDI outflows, they amounted to $9.2 billion and covered various vital economic sectors, including aviation, transportation, mining, renewable energy, real estate, construction, communication, oil & natural gas, traditional & renewable energy, logistics, ports and infrastructure, tourism, leisure, banking, and agriculture sectors.
Trending
- Apple watch Afib feature secures historic FDA approval
- Etihad Airways boosts interline agreements with five airlines
- Southern Brazil reels as death toll hits 13 amid torrential rains
- Court docs unveil Google’s $20 billion payments to Apple in 2022
- Highway collapse claims 24 lives, injures 30 in China
- Bitcoin plummets to $57k as crypto market suffers pre-Fed jitters
- Binance founder gets four months in prison for money laundering
- Crypto optimism surges as Indonesia’s election results unfold