76 billion dirhams, total "flows", with a growth of 3.9%

630 billion dirhams, the total cumulative balance of foreign direct investment in the UAE by the end of 2021

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FDI inflows to the UAE in 2021 grew by 3.9%, compared to 2020, and amounted to about 76 billion dirhams ($20.7 billion).

Thus, the cumulative balance of foreign direct investments incoming to the country increased by the end of 2021, to reach about 630 billion dirhams (171.6 billion dollars), a growth of 13.7 percent compared to 2020.

Over the past ten years, foreign direct investment inflows to the country increased by 116%, while the cumulative balance of these investments during the same period grew by 113%.

new achievement

The Minister of Economy, Abdullah bin Touq Al-Marri, said, "This distinguished result represents a new achievement by the UAE, in light of the vision and directives of its wise leadership, which is based on proactivity and foreseeing the future, to prove once again the strength and flexibility of its national economy, the attractiveness of its business and investment environment, and what it provides to society." Global investment includes integrated and pioneering competitive advantages and incentives, consolidating its position as an economic and commercial capital in the region and the world, and a preferred and attractive destination for foreign direct investment and pioneering projects from various international markets.

He added: "This result is a natural fruit of the pioneering steps and initiatives implemented by the UAE during the past stage to develop its economic sectors and achieve qualitative leaps in its investment climate and policies, according to a new economic model that is more flexible and sustainable, and more open to global markets, and in line with future trends and technologies. , most notably allowing 100% free and full foreign ownership of projects and investments in all economic sectors, with the exception of a limited number of activities with a strategic impact, and launching fifty projects that included strategic and qualitative initiatives to attract entrepreneurial projects and talents, and we will continue our efforts in this direction during the next stage, as The country hosted the Investopia Investment Summit this month, with the aim of strengthening its position as a destination for future investments, with the aim of attracting 550 billion dirhams until 2030, reaching one trillion dirhams in 2051.

foreign investment

The foreign direct investments received by the country varied to include all vital economic sectors and activities, such as conventional and renewable energy, oil and natural gas, financial activities, insurance activities, real estate, health, industrial, agricultural and other sectors, as well as a group of sectors of the new economy and digital economy in the country, which in turn succeeded in attracting investments These include technology, innovation, artificial intelligence, the Internet of Things and Blockchain, innovative medical technologies, high-speed transportation, virtual and augmented reality, robotics and self-driving cars.

As for the outgoing Emirati investment flows to the world, they reached during 2021 about 82.6 billion dirhams (22.5 billion dollars), with an annual growth of 19.1%, while they grew by 789% during the past ten years, which led to a rise in the cumulative balance of direct Emirati investments. Exports to the world amounted to about 830.5 billion dirhams ($226.3 billion) by the end of 2021, with a growth of 11.1% compared to the end of 2020.

High efficiency

Emirati investments have proven highly efficient in regional and international markets, and in various vital economic sectors, as they are qualitative and sustainable strategic investments, and Emirati companies have been able to enhance the competitiveness of the national economy in a number of advanced global industries and services, such as aviation, transportation and mining, in addition to the great progress they have made. In the field of conventional and renewable energy, as well as the real estate and construction sector, the communications and information technology sector, the oil and natural gas sector, the logistics sector, ports and infrastructure, the tourism, hotels and entertainment sector, the banking sector and the agricultural sector.

global indicators

Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, affirmed that “the position occupied by the UAE in the global indicators for attracting and exporting foreign direct investment was not the result of a coincidence, but rather the result of a clear vision adopted by our wise leadership to enhance the country’s position as a major hub on the global investment map. This is reflected in the state’s policies to develop foreign direct investment, as the state is keen to formulate strategies that enhance its leadership in attracting talent and qualitative investment that supports development plans based on innovation, knowledge, technology and the digital economy, in accordance with the principles and projects of the fifties, and the determinants of the UAE Centennial 2071.

He added, "The growth achieved by the state in attracting foreign direct investment reflects the confidence of the international community in its investment environment, and confirms the right path of the country's trade and investment openness policies. It will also promote the growth of market movement, create new job opportunities, and develop skills and human cadres."

1st place in the Arab world

The UAE, in terms of its ability to attract foreign direct investment, advanced by nine ranks during 2020, compared to 2019, and ranked 15th at the global level, and at the same time advanced by six ranks globally, for outflows of foreign direct investment from it and to The countries of the world, to rank first in the Arab world, and 13th globally, according to the classification of "UNCTAD", through the World Investment Report 2021.

The UAE also ranked first in the Arab world and fifteenth globally in the Kearney FDI Confidence Index for the year 2021, advancing four ranks compared to 2020, and thus outperforming a number of major global economies in the overall ranking of the index, such as Singapore, Australia, Portugal, Denmark, Ireland and Brazil. and Finland.

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