UAE Business: FDI inflows into UAE surge 3.9% in 2021 to top $20bn – Gulf Digital News

UAE Business: FDI inflows into UAE surge 3.9% in 2021 to top $20bn – Gulf Digital News

The foreign direct investment (FDI) inflows to the UAE recorded a 3.9% growth in 2021 compared to 2020 to reach nearly AED76 billion ($20.7 billion), resulting in the total FDI balance to hit AED630 billion ($171.6 billion), marking a 13.7% year-on-year growth.

Over the past ten years, FDI inflows into the country have grown by 116%, while the total balance of those investments during the same period grew by 113%.

Abdulla Bin Touq Al Marri, UAE Minister of Economy, said that this distinguished result is the country’s latest achievement under the vision and directives of its wise leadership based on the principles of proactivity and future foresight.

He noted that it has proven the strength and flexibility of the UAE’s national economy and the attractiveness of its business and investment environment once again, highlighting the advantages it offers to the global investment community.

These integrated and pioneering competitive advantages and incentives consolidate the UAE’s position as an economic and commercial capital both regionally and globally, making it a preferred and attractive destination for FDI and pioneering projects from various international markets, he said.

"This result is a natural outcome of the pioneering measures and initiatives implemented by the UAE in the past phase to develop