According to a recent report by the United Nations Conference on Trade and Development (UNCTAD), the United Arab Emirates (UAE) witnessed a remarkable surge in foreign direct investment (FDI) inflows in 2022, reaching a record-breaking amount of Dh84 B ($23 B). This achievement is particularly significant as global investments experienced a decline of 12 percent, amounting to $1.3 T.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice-President and Prime Minister of the UAE and Ruler of Dubai, took to his Twitter account to announce the impressive results from the UNCTAD’s World Investment Report. The report also revealed that the UAE secured its position as the fourth-largest recipient of new project investments globally, with a total of 997 projects. This marked an impressive 80 percent increase in new projects compared to the previous year. The top three countries ahead of the UAE in terms of new project investments were the United States, the United Kingdom, and India.
Sheikh Mohammed expressed his gratitude to the regulatory, legislative, and service agencies that contribute to making the UAE an attractive global investment environment. He stated, “The UAE has taken the lead in global investments coming to the region. Our appreciation to all the regulatory, legislative, and service agencies that provide their services to make the UAE the best global investment environment. The coming is better and more beautiful… and this year we will achieve new historical figures as well.”
The UAE’s outstanding performance in attracting FDI is a testament to its robust economic diversification efforts and investor-friendly policies. The country’s strategic location, excellent infrastructure, stable business environment, and strong government support have positioned it as an attractive destination for both local and international investors.
The record-breaking FDI inflows highlight the UAE’s ability to attract capital despite the global economic challenges posed by the COVID-19 pandemic. It also reinforces the country’s position as a key player in the global investment landscape and underscores its ongoing commitment to fostering a thriving business ecosystem.
Looking ahead, the UAE aims to build on this success and achieve even greater milestones in attracting investments. With its ambitious vision, innovation-driven initiatives, and proactive measures, the UAE is poised to continue its upward trajectory as a global investment powerhouse.
