The foreign investment law issued by the United Arab Emirates in October strengthened the competitiveness of the UAE and raised its appeal to attract more investments over the next two years. Total foreign direct investment (FDI) in the UAE is expected to rise to 50 billion dirhams in 2020, according to reports from international specialized institutions, including “Trading Economics”.
The value of foreign direct investment in the UAE amounted to about 33 billion dirhams in 2017, a growth of 10% compared to 2016, which reflects the continuing upward trend of the index of this type of investments on the one hand, and strengthens the status of the state globally and regionally in this area.
The UAE ranks 13th in the world and the 1st among Arab Countries in terms of attracting foreign direct investments, according to the UNCTAD report. The monitoring of the FDI movement shows its flow to all sectors, which means giving the national economy more strength and contributing to increasing growth opportunities during the next phase.
Source: (Al Khaleej Newspaper, Edited)
