UAE was the world’s 15th-biggest recipient of foreign investment last year

UAE was the world’s 15th-biggest recipient of foreign investment last year

The UAE was the world's 15th-biggest recipient of foreign direct investment in 2020, ranking one place above the UK and seven places higher than the prior year, according to the United Nations Conference on Trade and Development.

Although FDI flows plunged 35 per cent globally last year, investment into the UAE increased 11 per cent to almost $20 billion (Dh73.45bn), as Vice President and Ruler of Dubai Sheikh Mohammed bin Rashid revealed last month.