The percentage of foreign direct investment coming into the UAE increased by 44.2 percent during the past year 2020 compared to 2019. In contrast, Emirati investments abroad in 2020 amounted to about $ 9.2 billion, as Emirati companies were able to enhance the competitiveness of their economy in a number of advanced global industries and services.
The volume of investments reached 19.88 billion dollars, despite the repercussions of the "Covid 19" pandemic that cast a shadow over the volume of investment, trade and world economies, as the cumulative balance of inflows of foreign direct investment rose to about $ 174 billion, achieving a growth of 12.9 percent during the same period.
Investments included all sectors and economic activities, while focusing on the oil and gas sectors, as the Abu Dhabi National Oil Company (ADNOC) concluded investment deals and partnerships with a number of foreign companies that contributed to achieving this growth. Investments have also focused on sectors that serve modern technologies that underpin the digital economy, such as artificial intelligence, the Internet of things, blockchain, innovative medical technologies, high-speed transportation, augmented virtual reality, robotics, autonomous cars, renewable energy, innovation, technology, agriculture, and others.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
