UAE - Mubasher: The foreign direct investment (FDI) inflows to the UAE amounted to around AED 76 billion ($20.7 billion) in 2021, up 3.9% year-on-year (YoY).
The UAE's total FDI balance rose by 13.7% to AED 630 billion ($171.6 billion) by the end of 2021, compared to 2020, according to a press release on Wednesday.
Over the past ten years, the country's FDI inflows have hiked by 116%, with the total balance of the investments growing by 113%.
Meanwhile, the UAE’s outward FDI flows reached around AED 82.6 billion last year, with an annual growth of 19.1%.
The UAE Minister of Economy, Abdulla bin Touq Al Marri, said: "This result is a natural outcome of the pioneering measures and initiatives implemented by the UAE in the past phase to develop its economic sectors and significantly enhance its investment climate."
Al Marri added: "It has set forth the goal to attract AED 550 billion worth foreign investments to the country by 2030, to eventually reach AED 1 trillion by 2051."
