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MEDIA / Blog / UAE Remains A Top Investment Destination For GCC Citizens - 11 AUGUST 2016
 The UAE has maintained its position as a top investment destination for citizens of the Gulf Cooperation Council (GCC), with 1.899 new licenses granted to GCC citizens to practise economic activities during 2015, and with a total of 19.803 license count by the end of 2015.
 
The Ministry of Finance (MoF) has recently released a report at a press conference at the Ministry’s headquarters in Abu Dhabi outlining the UAE’s performance in the Gulf Common Market.
The report included statistical indicators of the UAE’s performance in the fields of economy, education and social, focusing on sectors such as industry, rea estate, investment companies, banks, stocks, trade, education, scientific research, tourism and health services.
 
According to the 7th Annual Statistical Report of the Gulf Common Market (GCM), issued by the Department of Cooperation Council for the Arab States of the Gulf Affairs, the UAE’s direct exports to other GCC states amount to Dh32.16 billion and the volume of direct imports to the UAE during the first nine months of 2015 amounted to Dh12.4 billion.
 
The report also revealed that commercial licenses are on the top of economic activities list, with a ratio of 78.1% while professional licenses provided to GCC citizens represent 15.6%.
 
Real estate activity also saw a remarkable increase in 2015, with numbers of new real estate registrations for GCC citizens reached 4.964, with 3.290 residential ownerships, representing a ration of 66.3% and 1.484 commercial ownerships, representing 29.9%.

Gulf investors witnessed some fluctuation over the past years as a result of the economic conditions, however the decline did not affect GCC citizens’ capital investments, as public listed companies’ capitals allowing GCC citizens to trade have increased from Dh149 billion in 2014 to Dh167 billion in 2015.  

Commenting on the report, the Minister of State for Financial Affairs, Obaid Humaid Al Tayer, pointed out the UAE’s important position in the GCC countries and GCM and highlighted the fact that these achievements are a result of the directives of wise leadership in achieving GCC economic integration.

As Al Tayer commented: "The Ministry of Finance is committed to strengthening the UAE’s position in the GCM, and supporting the country’s public policy with regards to increasing Gulf economic integration. The Ministry also works on implementing the unified economic agreement between GCC countries, which falls within the scope of topics of GCC financial and economic integration, in order to achieve prosperity for GCC citizens and companies."

In addition, the number of listed companies in the securities and Commodities Authorities (SCA), allowing GCC citizens to trade, have reached 86, which represents a 78.2% of the total registered companies in SCA for 2015.
 

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