The UAE maintained its advanced position to rank 13th in the list of the most attractive countries for foreign direct investment for the year 2021, according to the report of the United Nations Conference on Trade and Development (UNCTAD) for the year 2022.
According to the report, the UAE recorded a growth in foreign direct investment flows by 3.9 percent during 2021, at a value of $20.7 billion (76 billion dirhams), thus maintaining its first Arab position as the largest attracting investment.
The report showed that the UAE acquired 37.5 percent of foreign direct investment in West Asia, which rose 59 percent to $55 billion in 2021, with the support of cross-border mergers and acquisitions.
The balance of foreign direct investments in the UAE increased by the end of last year to reach $171.6 billion, an increase of 13.7 percent. Also, outflows from the UAE rose to reach $23 billion, an increase of 19 percent.
Foreign direct investment (FDI) flows recovered to pre-pandemic levels in 2021, reaching $1.58 trillion, an increase of 64 percent.
Source (Emirati Gulf Newspaper, Edited)
