The United Arab Emirates ranked first in the Arab world and 19 globally, in terms of its ability to attract foreign direct investment, according to the World Foreign Direct Investment Report 2022 issued by the United Nations Conference on Trade and Development (UNCTAD).
The country also ranked 17th globally in outward investment flows to countries of the world, with a total of $22.5 billion, with a growth rate of 19 percent over the year 2020.
The Minister of Economy, Abdullah bin Touq Al Marri, pointed out that the positive results and indicators mentioned in the report confirm that the UAE is moving steadily towards achieving its ambitious goals of strengthening the national economy and ensuring its global competitiveness, in light of the support and directives of the wise leadership, and in line with the objectives and principles of the fifties and the determinants of the UAE Centennial 2071. He stressed that the national efforts to develop the attractiveness of the investment environment in the country and to create potentials for growth for investment inside and outside the country are continuous efforts in accordance with integrated national plans aimed at consolidating the country's position on the global investment map.
He added, “The progress documented in the report is added to the series of achievements that the UAE has achieved recently, thanks to the vision and directives of its wise leadership, starting with its rapid recovery from the effects of the "Covid-19" pandemic, and its achievement of the highest growth in the region in terms of gross domestic product, at a rate of 3.8%, in addition to the launch of fifty projects and integrated strategic initiatives aimed at advancing the internal and external growth process of the state. In accordance with ambitious goals and a long-term development path, all of which aim to increase the attractiveness of the investment environment in the country, while at the same time enabling and developing Emirati investments issued to all markets of the world, among them is the Investopia Global Investment Summit, which aims to consolidate the position of the UAE in the world of future investments and the new economy, and aims to attract 550 billion dirhams of foreign investment until 2030.”
Source (Emirati Gulf Newspaper, Edited)