It was ranked third in terms of capital size
The UAE is the first regionally in foreign investment projects with "biotechnology"
The UAE has over the past years succeeded in consolidating its position as an attractive investment destination.
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The UAE ranked first in the Middle East and Africa region in the number of new foreign direct investment projects in the biotechnology sector, and third in this region in the volume of capital invested in these projects, during the period from 2003 to 2020. This came within the results of the "FDI Markets" index, which was recently issued by the magazine "FDI Intelligence", which specializes in foreign investment affairs around the world, and which is affiliated with the "Financial Times" Foundation.
The index monitors capital flows and new foreign direct investment projects around the world and identifies the best locations for foreign investment.
In a statement issued yesterday, the Ministry of Economy stated that, given the time series spanning the past 10 years (2011-2020), the index results indicated that the UAE ranked first also in the Middle East and Africa in the number of new foreign direct investment projects. In the biotechnology sector, and in second place in the volume of capital invested in these projects.
Dr. Thani bin Ahmed Al-Zeyoudi, Minister of State for Foreign Trade, said, "This advanced result achieved by the UAE in the field of foreign direct investments in the biotechnology sectors confirms its position on the regional and global investment map."
He added that «the state has succeeded over the past years in consolidating its position as an attractive destination for investment and business, and today it is moving more to be a regional and global hub for investment in the sectors of the new economy».
The country is heading to be a global hub for investment in the sectors of the new economy.
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