UAE Ranks Second Globally in FDI Projects with 33% Increase

UAE, 21 June, 2024 :  According to the World Investment Report 2024 by UNCTAD, the UAE secured the second position worldwide for greenfield FDI project announcements in 2023, totaling 1,323 projects. This marks a significant 33% increase compared to 2022, highlighting the country's growing attractiveness for foreign direct investment.

In terms of FDI inflows, the UAE attracted US$ 30.688 billion in 2023, up from US$ 22.737 billion the previous year, reflecting a robust 35% year-on-year growth.

The report also noted that FDI outflows from the UAE amounted to US$ 22.328 billion in 2023, down from US$ 24.833 billion in 2022. Meanwhile, the FDI outflow stock increased to US$ 262.208 billion in 2023, up from US$ 239.880 billion in 2022.

The UAE's ascent in the ranking of top destinations for greenfield projects underscores its expanding role as a preferred global hub for investment, having advanced from the top five in 2022.

Source : www.zawya.com