In an indicator that reflects the confidence of global investors in the country's markets
With a value of 73 billion dirhams... the UAE attracts the largest foreign direct investment in its history within one year
The Federal Center for Competitiveness and Statistics revealed that the UAE succeeded in attracting foreign direct investments estimated at 73 billion dirhams during 2020, noting that it is the largest attracted by the UAE in its history within one year, despite the repercussions of the Corona virus pandemic (Covid-19). , which reflects the confidence of investors in the world in the state's markets, the advantages and great foreign investment facilities that the UAE offers to investors, and the profitable returns of these investments.
Investment volume
In a report that monitors the achievements made by the state in various fields over the past 50 years, the center explained that the UAE has succeeded in steadily increasing the volume of foreign investments incoming to it, as the value of these investments increased by 82.5 percent in 16 years, then increased by 132.5 percent. over six years, rising from 40 billion dirhams and 31.4 billion dirhams in 2005 and 2015, respectively, to 73 billion dirhams in 2020.
Cumulative balance
The center confirmed that the investment attractiveness of the UAE has risen steadily over the past years, after the country was able to attract large investments, which strengthened its cumulative balance of foreign direct investments, to reach 554.1 billion dirhams (151 billion dollars) at the end of 2020.
The Federal Competitiveness and Statistics Center pointed out that the UAE has become one of the most preferred investment destinations around the world, and one of the most exporting destinations for foreign investment as well. It is open and attractive to investments and capital to all sectors.
world ranking
The center's report stated that the UAE ranked in the year 2020, according to the estimates of the United Nations Program for Trade and Development "UNCTAD", 15th in the world in the flow of foreign direct investment, and ranked the most attractive country for investments in West Asia and the Middle East and North Africa.
outgoing investments
With regard to the value of foreign direct investments issued by the UAE, the report stated that the latest statistics indicate a significant development in the volume of these investments, which enabled the country to join the list of the 20 largest countries investing abroad, according to UNCTAD, as the volume of these investments increased Investments from 13.8 billion dirhams in 2005 to 77.9 billion dirhams in 2019, a growth rate of 464.5 percent.
Huge investment deal
According to the center, the UAE, despite the circumstances of the “Covid-19” pandemic, has succeeded in attracting huge foreign investments during 2020 in various fields, including concluding a huge investment deal that the Abu Dhabi National Oil Company “ADNOC” attracted with international bodies worth 20 billion dirhams. Under which, ADNOC will obtain immediate returns of 10 billion dirhams, by benefiting from the proceeds of leasing a group of its real estate assets, under a lease agreement for a maximum period of 24 years.
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