Number of investment funds registered with SCA fell to 46 in 2019
These funds originate from UK, Switzerland, India, Pakistan, Saudi Arabia
ABU DHABI: From only 46 in 2019, the number of foreign investment funds registered by the UAE’s Securities and Commodities Authority (SCA) in 2020 has risen to 114, a growth of 147 percent.
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.
The number of foreign investment funds peaked at 270 in 2017 from a measly two in 2016. In 2018, the number stood at 164, dropping 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.