Thu 10-06-2021 16:05 PM
ABU DHABI, 10th June, 2021 (WAM) -- The Securities and Commodities Authority (SCA) has announced that it had registered a total of 114 foreign investment funds in 2020, a growth of 147 percent compared to 2019.
This growth confirms the UAE’s leading position among foreign investment companies, due to the attractive investment environment of its local market, as well as the facilities and incentives it offers to investors.
In 2016, the number of foreign investment funds registered with the authority was only two, rising to 270 in 2017. In 2018, the number stood at 164, dropping further to only 46 in 2019, before surging again in 2020.
According to SCA data, the number of registered foreign funds that regularised their status between 2016 and 2020 amounted to 596.
Foreign investment funds registered in the UAE originate from many countries, including the United Kingdom, Switzerland, India, the Cayman Islands, Saudi Arabia and Pakistan.