June 10, 2022
1 min read

UAE tops Arab countries in FDIs

The UAE remained the largest recipient of FDI with flows increasing from $19.88 billion in 2020, to $20.7 billion in 2021. 

The United Arab Emirates has been ranked as the best country in the Arab World in terms of attraction of Foreign direct investment (FDI) for 2021, according to the newly released United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2022.

The UAE remained the largest recipient of FDI with flows increasing from US$19.88 billion in 2020, to US$20.7 billion in 2021.

The report showed that global flows of FDI recovered to pre-pandemic levels last year, reaching US$1.58 trillion, an increase of 64 percent compared to 2020.

In May, Dubai achieved the top ranking globally in attracting foreign direct investment (FDI) in 2021, with a record number of 418 greenfield FDI projects.

ALSO READ: Dubai Chambers launches roadshow series

The annual ‘DUBAI FDI Results and Rankings Highlights Report 2021’ ranked Dubai first globally in attracting greenfield FDI projects in 2021, up from the third position last year, with a staggering 418 greenfield FDI projects. The report was based on data from the Financial Times Ltd. ‘fDi Markets’, the world’s leading source of data on greenfield FDI projects.

Moreover, ‘fDi Markets’ data for the year 2021 showed that Dubai continued to maintain and improve on its lead position across key FDI attraction metrics, ranking first in the Middle East and North Africa region (MENA), and third globally, up from fourth place last year, in FDI capital inflows. In Reinvestment FDI projects, Dubai ranked first in the MENA region and third globally, (up from fourth place last year), and seventh globally, (up from eleventh-place last year), in FDI capital inflows. As for FDI job creation, Dubai ranked first in the MENA region and fifth globally, up from the sixth-place last year.

In another testament to Dubai’s ever-evolving investment environment, the emirate ranked first in MENA and tenth globally in Global Venture Capital FDI Projects, according to the ‘Global Venture Capital FDI Ranking 2022’ report published by ‘fDi Intelligence’ based on data gathered during 2003-2021. Further data from ‘Dubai FDI Monitor,’ supported by MAGNiTT, revealed that 84 Dubai-based startups successfully attracted Venture Capital (VC) Backed FDI worth AED2.34 billion in 2021.

Previous Story

Pakistan Stock Exchange turns Asia’s 3rd worst performer

Next Story

Ukraine losing upto 200 troops a day: Zelensky aide

Latest from -Top News

India, France Hold Nuclear Talks

The meeting, held on Monday, reviewed progress in bilateral civil nuclear cooperation and explored avenues to deepen the strategic partnership…reports Asian Lite News India and France convened the second meeting of their

Trump to Meet Pak PM at UNGA

The US President has already engaged with Pakistan’s military leadership, having hosted Army Chief Asim Munir for a lunch meeting in June….reports Asian Lite News The White House announced on Monday that

EU’s Kallas Calls India ‘Reliable’ Partner

The EU said its closer partnership with India is increasingly becoming vital in the wake of the shifting geopolitical realities…reports Asian Lite News European Union’s top diplomat Kaja Kallas has reaffirmed that

Rubio Calls India ‘Critical’ to US

Rubio “expressed his appreciation for the Indian government’s continued engagement on a number of issues including trade…reports Asian Lite News US Secretary of State Marco Rubio has described India as “critically important”
Go toTop

Don't Miss

‘Germany & UAE look forward to hydrogen future’

UAE-Germany cooperation is a key catalyst for accelerating the energy

Dubai International Boat Show to kick off on March 9th

From 100% solar-powered boats to emission-free e-foil, DIBS 2022 will