UAE's FDI inflows hit $20bn in 2020

UAE - Mubasher: The UAE was placed in the 15th position among the recipients of foreign direct investments (FDIs), with $20 billion FDI inflows recorded in 2020 compared to $18 billion in 2019, according to "The World Investment Report 2021" released by the United Nations Conference on Trade and Development's (UNCTAD).

The report referred that the FDI to the UAE rose by 11% year-on-year (YoY) to $20 billion last year, attributed to the natural resources transactions which have brought investments in the country.

In exchange for $10 billion, ADNOC has sold a 49% stake in its natural-gas pipelines to six investors including the US-based Global Infrastructure Partners, Canada's Brookfield Asset Management, and Singapore’s sovereign wealth fund.

In the meantime, the UAE received investments in other industries, as the medium- and high-tech sectors in Dubai have accounted for 53% of FDI to the emirate in the first half (H1) of 2020.

The UAE has occupied the fifth position among the top recipients of FDI in Asia.

As for the FDI outflows, the UAE ranked 13th globally with $19 billion in 2020, compared to $21 billion in 2019.

"The United Arab Emirates continued to liberalize its FDI regime with the promulgation of the 2020 FDI Decree, which further facilitated foreign investment by extending some of the free zone incentives to the broader economy," the report mentioned.

Mubasher Contribution Time: 22-Jun-2021 07:54 (GMT)
Mubasher Last Update Time: 22-Jun-2021 07:54 (GMT)