FDI to the UAE surges 44.2 per cent in 2020, backed by billion-dollar infrastructure investments

FDI to the UAE surges 44.2 per cent in 2020, backed by billion-dollar infrastructure investments

Foreign direct investment to the UAE surged 44 per cent to reach nearly $20 billion (Dh73.45bn) in 2020, the government said on Saturday.

"Despite the UN's estimates that global foreign direct investment flows decreased by 42 per cent in 2020 over Covid-19, the UAE witnessed 44 per cent growth in FDI flows in 2020, compared to 2019, to reach Dh73bn," Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said in a tweet.

"Good crisis management is a guaranteed investment," he added.