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| 20 June, 2018

UAE receives 67% of GCC foreign investments

Oman and Saudi Arabia ranked second and third

Image used for illustrative purpose. 
Dubai Marina.

Image used for illustrative purpose. Dubai Marina.

Core Savills/Handout via Thomson Reuters Zawya

Duba: The UAE topped the GCC in terms of foreign investments in 2017, with total foreign investments of $10.35 billion out of $15.45 billion injected in the GCC.

Oman and Saudi Arabia ranked second and third, making up 12.1% and 9.2% of foreign investments in the GCC, according to an official statement.

The UAE comes second among investment attractors in the Middle East, accounting for 23.3% of the region's foreign investments.

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In May, the UAE Cabinet announced a new long-term visa to some international investors and talented professionals, allowing 100% foreign ownership in companies.

Source: Mubasher

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