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DUBAI, UAE, August 07, 2022 /24-7PressRelease/ — The United Arab Emirates (UAE) has been ranked first within the Arab world and nineteenth globally for its skill to draw overseas direct funding (FDI) inflows by the World Funding Report 2022 issued by the United Nations Convention on Commerce and Growth (UNCTAD). The UAE additionally emerged seventeenth globally by way of FDI outflows that totaled USD 22.5 billion in 2021, reflecting a 19% development in comparison with the yr 2020.
H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economic system, stated: “The progress, as revealed by this report, is the newest addition to a collection of achievements that have been just lately achieved by the UAE, beginning with its quick restoration from the pandemic’s impression, adopted by the achievement of a 3.8 per cent GDP development – the very best within the area. As well as, the UAE launched the ‘Tasks of the 50’ and quite a few complete strategic initiatives with the potential to advance the county’s financial development – each domestically and externally, in keeping with its imaginative and prescient for long-term, sustainable growth.”
H.E. Dr. Thani Bin Ahmed Al Zeyoudi, Minister of State for Overseas Commerce, acknowledged that the UAE’s funding atmosphere is present process steady growth due to the assist and directives of the smart management. He emphasised that the report displays the rising international competitiveness of the UAE’s funding atmosphere, which is made potential by the versatile laws and legal guidelines launched by the nation in accordance with the Ideas of the 50. The basic adjustments that have been made to the nation’s financial system have additional strengthened the funding enablers in its markets.
The studies ranks the UAE primary in West Asia because it accounted for 37 per cent of the full funding inflows to the area, which totaled USD 55.5 billion. The nation additionally leads on the MENA stage, buying USD 66.6 billion or 31 per cent of the full overseas funding that got here to the area.
As for outflows, the report notes that the full FDI outflows from the nation amounted to greater than USD 215 billion by the top of 2021, marking a 11.7 per cent development in comparison with USD 192.5 billion in 2020.
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