UAE – Mubasher: The total value of foreign direct investments (FDIs) in the UAE reached around AED 121.6 billion during the last three years, according to the Emirates News Agency (WAM).
The UAE has ranked 19th globally in the FDI Confidence Index of Kearney, a global management consulting firm, advancing from the 21st position.
Meanwhile, the United Nations Conference on Trade and Development (UNCTAD) announced in 2019 that the UAE is the largest country in West Asia to attract FDIs.
The UAE has attracted about AED 51.3 billion ($14 billion) during the last year, up 34.8% from AED 38.1 billion ($10.4 billion) in 2018, which strengthens its position as a regional centre for foreign investments, as shown by UNCTAD's data.
In 2017, the value of FDIs in the UAE recorded AED 32.22 billion ($8.78 billion).
The rise in the number of FDIs in the country is driven by the UAE government's decision to raise the foreign ownership limit to 100% in 13 sectors.
