UAE sees 116% growth in FDI


Foreign Direct Investments (FDI) in the UAE witnessed significant growth in recent years, despite the challenges posed by the COVID-19 pandemic.

According to a report by the Ministry of Economy, during the past decade (2012 to 2021), FDIs in the country increased by 116 per cent, amounting to $20.66 billion in 2021 compared to $9.56 billion in 2012.

FDI inflows witnessed remarkable growth over the last decade, rising from $9.76 billion in 2013, $11.07 billion in 2014, $8.55 billion in 2015, $9.6 billion in 2016, and $10.35 billion in 2017, $10.38 billion in 2018, $17.87 billion in 2019, and $19.88 billion in 2020.

In light of this growth, the UAE was ranked 19th globally in the list of top 20 countries that attract FDIs, and the first in West Asia and the Middle East and North Africa region.

Moreover, the cumulative FDI balance received by the UAE also increased by 141.6 per cent from 2011 to 2021, rising from $71.02 billion to reach $171.56 billion last year, representing an increase of more than $100.5 billion over 11 years.

In recent years, all national economic sectors have continued attracting FDIs.

According to data from the Central Bank of the UAE, the manufacturing sector grew by 13 per cent, the healthcare sector by nine per cent, the information and communication technology sector by six per cent, the financial, banking and insurance sector by four per cent, the real estate sector by four per cent, the oil and gas sector by three per cent, and the services sector by two per cent, compared to 2020.

Meanwhile, the value of global FDI inflows amounted to $1.6 trillion, an increase of 64 per cent compared to 2020.

More from Business

  • Abu Dhabi launches greenhouse gas study

    Abu Dhabi Waste Management Centre (Tadweer) has signed a consultancy agreement with KEO International Consultants to conduct a feasibility study for developing a project on extracting greenhouse gases from Al Dhafra landfill and converting them into environmentally-friendly energy.

  • DXB posts huge surge in passenger traffic

    A steady surge of growth throughout the second quarter has propelled Dubai International’s (DXB) half yearly traffic to 27.9 million passengers, just 1.2 million shy of the airport’s total annual traffic last year.

  • Travellers set for enhanced Abu Dhabi Airport experience

    Getting through Abu Dhabi Airport is set to become a lot smoother following the signing of an agreement with the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP).

  • Bengaluru next stop for Emirates' A380

    Bengaluru will be the second city in India to be served by the Emirates A380 aircraft.

  • DEWA's High-Water Usage Alert saves billions of gallons

    Dubai Electricity and Water Authority (DEWA) announced that its High-Water Usage Alert service has helped save over 9 billion gallons of water and reduced carbon emissions by 217,370 tonnes since its launch three years ago, up until June 30.