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00:00 There is a step that the UAE is taking in diversifying its assets, especially away from the oil sector.
00:09 There is a diversification of these assets, if it is in its investments, not only at the
00:14 local level, but at the global level and outside the framework of the state's borders.
00:19 We are talking today about two and a half trillion dollars in terms of the assets of the UAE's
00:25 investment in the UAE, until the beginning of 2024.
00:30 If we are talking about these investments, the total assets of the UAE's investment
00:36 in the UAE, as we have said, reach two and a half trillion dollars.
00:41 It is the first in the world in its order, but it is also the 15th in the world.
00:50 But if we talk about how these assets and investments are distributed outside the borders of the
00:56 state, we will find that in the United States, the UAE has a larger share of about 115 billion
01:04 dollars in these UAE investments, followed by about 65 billion dollars in Egypt, and then
01:11 in the United Kingdom, India and Morocco.
01:14 But the operations that are carried out by the investment process abroad, which makes
01:20 the largest amount of these investments, is through the sovereign bonds, which make more
01:25 than 70 percent, followed by the UAE government companies with 18 percent, followed by family
01:33 companies, in addition to the UAE banks with about 2.5 percent.
01:38 This diversity that we find today in the UAE's direction in distributing and diversifying
01:44 investments abroad is a positive benefit for the UAE economy, especially in proving its
01:50 role in the global arena, both in its local and global investments, by strengthening its
01:57 foreign assets.
01:58 One of the most prominent deals that took place during the past period abroad is the
02:03 acquisition of E-End this time, a share in Vodafone, we are talking about the telecommunications
02:08 company, the value of this deal is 4 billion and 400 million dollars, and therefore this
02:14 order works to strengthen the type of sectors that are entered in it.
02:18 We have the acquisition of Adnok for a share in OMV, which is equal to about 4 billion
02:23 and 100 million dollars, and this is also to strengthen the expansion in the petrochemical
02:27 sector.
02:28 In view of the foreign investment in the UAE, it is considered one of the soft power tools,
02:34 so the UAE, according to the soft power indicator for 2024, occupied the first regional center
02:41 while the tenth center is occupied internationally.
02:44 So this was a view of the most prominent centers and also those occupied by the UAE in its
02:50 foreign investments.
02:50 in its foreign investments.