UAE attracted $20.7 billion in foreign direct investment in 2021: Economy minister

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Foreign direct investment (FDI) into the United Arab Emirates rose to $20.7 billion in 2021, up 4 percent from 2020, the Minister of Economy told Sky News on Monday.

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According to the United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2021, the value of FDI inflows to the UAE increased in 2020 as well, by $2.01 billion (AED 7.38 billion), accounting for an 11.24 percent growth.

Last year’s report also found that the Guld country’s total FDI inflows amounted to around $19.8 billion (AED 73.04 billion), compared to $17.87 billion the year before.

The UAE advanced nine ranks and became the 15th globally in 2020 and first in the Middle East and North Africa region, according to the Ministry of Economy’s website.

With Reuters

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