(MENAFN- Khaleej Times) The information gathered will be used for compiling national accounts and estimating their contribution to the GDP and for effective policies and enabling performance assessment.
Abu Dhabi — Abu Dhabi will carry out three annual surveys to gather economic data in order to offer pro-business policies.
Statistics Centre – Abu Dhabi or Scad will launch the annual Economic Survey 2015; the Foreign Investment Survey and an opinion poll on “Transparency in FDI Policies”; and the Environmental Survey to gather data from 3412 companies and establishments and stakeholders from Abu Dhabi Al Ain and Al Gharbiya.
The information gathered will be used for compiling national accounts and estimating their contribution to the GDP and for effective policies and enabling performance assessment. Sections which will be surveyed include firms engaged in banking finance insurance information and communication technology oil and gas exploration manufacturing electricity and water production and distribution. Companies involved in construction the largest job provider and contributor to the GDP wholesale and retail trade will also be surveyed.
The businesses involved in transportation and storage and services which include real estate professionals engineering and technical consultancies and restaurants administrative and support services education healthcare will be contacted to obtain information. The data collected will also be useful to businesses in making decisions on investments.
The survey findings will highlight extent of diversification in non-oil sectors and will help in measuring the progress made in achieving the Abu Dhabi government’s agenda and Abu Dhabi Economic Vision 2030. The foreign investment survey will provide data on the size core business distribution and source of foreign investment by economic activity. It will cover all businesses that have foreign shareholdings. The survey will also help to identify the impact and contribution of foreign investment on the national economy and technology transfer. The establishments selected for participation will fill in either the paper form on the electronic version online.
The statistics-gathering agency is conducting a survey exploring opinions on “Transparency in FDI Policies” which aims to identify the obstacles facing foreign economic establishments. Scad has selected 518 companies in this regard and the survey will be completed over the course of two weeks.
The Abu Dhabi government is taking steps to establish favourable conditions that will enhance investor confidence in the economy. A transparent tax structure with a supporting judicial system investment encouraging business legislation and industrial zones enhances international investor perception about business opportunities in the emirate.
The value of foreign direct investment at the end of 2012 rose to Dh60.898 billion up from Dh52.232 billion at the end of 2011 as foreign capital find its way into hydrocarbon sector which attracted FDI worth Dh6.084 billion at the end of 2012 compared with Dh1.886 billion in the previous year.
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