The UAE is expected to attract $ 11.2 billion (AED 41.2 billion) in foreign direct investment in 2019, up 7.7 percent from 2018's $ 10.4 billion (AED 38.2 billion), International Finance Institute data showed.
Foreign investment will continue to rise to $ 11.8 billion (AED 43.3 billion) in 2020, up 5.4% from 2019, according to data obtained by Emirates Today.
According to the Institute's data, the country's foreign direct investment accounts for 49.33% of the total foreign direct investment to the GCC countries in 2019, which amounted to $ 22.7 billion, and it is expected to account for 47.2% of the total foreign investments in the GCC countries in 2019. 2020, which is estimated at $ 25 billion.
In the Middle East, the institute expects the UAE to account for 25.7% of the total foreign direct investment to the Middle East and North Africa in 2019, which amounted to about 43.6 billion dollars, and expects the country to account for 24.8% of the total foreign investments to Region in 2020, which amounted to about $ 47.5 billion.
The UAE leads the region as the biggest attractor of foreign direct investment, followed by Egypt, which the institute expected to attract foreign direct investment of $ 6.6 billion in 2019 and 6.9 billion dirhams in 2020.
Non-resident capital inflows to the Middle East will rise from $ 165 billion last year to $ 200 billion in 2019, the report said, citing Gulf markets being upgraded in global stock market indices.
He pointed out that foreign flows to oil-exporting Middle East countries are expected to rise significantly from $ 115 billion in 2018 to $ 157 billion in 2019, but are expected to decline to $ 133 billion in 2020.
In contrast, non-resident capital flows to oil-importing countries are expected to fall from $ 50 billion last year, to $ 43 billion in 2019 and $ 40 billion in 2020.
• Foreign direct investments in the country account for 49.33% of the total investments coming to the GCC.