UAE sees 44.2% surge in foreign direct investment

  • Date: 15-May-2021
  • Source: Gulf Insider
  • Sector:Economy
  • Country:UAE
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UAE sees 44.2% surge in foreign direct investment

Foreign direct investment to the UAE surged 44 percent to reach nearly $20 billion (Dh73.45bn) in 2020, the government said on Saturday. The UAE’s significant inflows of FDI last year in the middle of the pandemic were largely due to Adnoc monetising some of its non-core assets. Dubai, the UAE’s financial, transportation and trade hub, …

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Foreign direct investment to the UAE surged 44 percent to reach nearly $20 billion (Dh73.45bn) in 2020, the government said on Saturday. The UAE’s significant inflows of FDI last year in the middle of the pandemic were largely due to Adnoc monetising some of its non-core assets. Dubai, the UAE’s financial, transportation and trade hub, …