FINANCIAL NEWS

UAE benefits from net global investment debt

27 Jun 2016

(MENAFN) The UAE benefits from a major net international investment position (IIP) that is higher than its total external debt.

Additionally, the country’s net IIP may be as high as 130 percent of its gross domestic product (GDP) ranking the country is the top quartile globally.

The Abu Dhabi Investment Authority or Adia are estimated at almost 160 percent of GDP and invested primarily overseas.

On the other hand, the Sovereign Wealth Fund Institute has a higher estimate of USD773bn.

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