UAE - Mubasher: The UAE has jumped to the third position globally in the 2021 Greenfield Performance Index of fDi Intelligence, compared to the 12th position in 2020.
The UAE has achieved a 7.1 score in the index, which analyses 84 countries by using a methodology set by the UNCTAD for overall FDI and applying it to only greenfield FDI, according to a recent press release.
A total of 64 countries had an index score greater than 1.0, which indicates that a country’s share of global inward greenfield FDI in 2020 matches its relative share of global gross domestic product (GDP).
Costa Rica and Lithuania have topped the UAE with a score of 11.4 and 8.3, respectively.
The country has achieved this performance despite a 14.7% decline in the number of projects from 2019.
Software and IT services were the country’s leading FDI sector in 2020, with a 35% rise in the period.
In the 2021 Greenfield Performance Index, the country has been placed in the first position in the Middle East, followed by Bahrain with a score of 3.23 and Oman with 2.65.
