United Arab Emirates Attracts $30.4 Billion in Foreign Direct Investment (FDI) from 2016 to 2018
Business 19 June 2019 Arabia Day Newsdesk 0
The United Arab Emirates received $30.4 billion in foreign direct investment (FDI) from 2016 to 2018, according to the World Investment Report 2019.
This brings its overall volume of foreign investments to around AED139.1 billion
The report, released by the United Nations Conference on Trade and Development, ranked the UAE 27th globally in attracting FDI in 2018, a rise of three places from its 2017 classification.
The UAE received more than $10.4 billion of FDI in 2018, maintaining its position as the top recipient in the Arab region. Outflows increased from $14.060 billion in 2017 to $15.079 last year.
The results and ranking of the UAE coms as overall FDI flows dropped for the third year in succession, by 13 percent in 2018, to $1.3 trillion from $1.5 trillion in 2017.
For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
No comments so far.
Be first to leave comment below.