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
- Global oil dynamics shift as OPEC+ agrees on 2 million bpd cut
- New insights into natural remedies for heart health
- #H9meAzingMoments WITH ERLING HAALAND – MIDEA PRODUCTS DO HAVE AN OPINION ON ERLING HAALAND’S GOALS
- Dow surges to 2023 peak, propelling November’s stock market rally
- UAE and Mongolia strengthen ties with strategic agreements in Abu Dhabi
- Triumph shakes up motocross with the powerful TF 250-X
- Elena Baturina’s BE OPEN think tank supports youth empowerment in the energy sector at SES2023 and COP28
- Kenya Nut Company Installs First Commercial On-Site Green Ammonia System for Carbon-Free Fertilizer Production