The United Arab Emirates came according to the FDI Intelligence report on tourism investments 2021, it ranked first in the Middle East and Africa in terms of the value of foreign direct tourism investments, during the period between 2016-2020, which amounted to 7.2 billion dollars, equivalent to 26.5 billion dirhams.
The UAE ranked first regionally and seventh globally in the number of foreign direct investment projects in tourism during the period 2016-2020, after it recorded 78 projects, surpassing France, which recorded 71 projects, and Japan 66 projects.
The report showed that the UAE was the main destination for investment in the Middle East and Africa between 2016 and 2020, winning 30% of the number of tourism FDI projects, and acquiring 33% of the value of tourism investments in the region. The UAE also ranked first in the number of new tourism jobs between 2016 and 2020, with 11,000 new jobs created, followed by Morocco with 3,800 jobs and Egypt 3,600 new jobs.
The UAE retained the first place as a destination for foreign direct tourism investment through the number of projects in the Middle East and Africa in 2020, owning 58% of the market share in the region, followed by Bahrain, Oman, Saudi Arabia and Qatar.
Source (Emirati Gulf Newspaper, Edited)
