June 22, 2024

Arab league’s biggest economy UAE hits a jackpot with a staggering $33bln worth of foreign investment being earned within 2017-2019

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As according to the statistics revealed by the Emirates News Agency (WAM), the net worth of FDIs (Foreign Direct Investments) have hit a jackpot in the Arab league’s biggest economy UAE reaching around a staggering $33Bln (AED 121.6 Bn) during the previous three years.

As per FDI Confidence Index of Kearney, a global management consulting firm, the UAEs ranking has advanced from 21st rank to the 19th rank globally.

During the 2017, the net worth of FDIs during the UAE recorded a staggering $8.78 Billion (AED 32.22 Billion).

Meanwhile, the United Nations Conference on Trade and Development (UNCTAD) introduced in 2019 that the UAE is the biggest nation of West Asia in accordance with attracting the FDIs.

The UAE has attracted in regard to AED 51.3 billion ($14 billion) all through the previous year, upon 34.8% from AED 38.1 billion ($10.4 billion) of 2018, which strengthens its role as like a native centre specifically for the overseas investments, namely proven by using UNCTAD’s data.

The upward thrust into the quantity concerning FDIs within the nation is hugely driven by using the UAE government’s choice according to develop the foreign ownership control according to one hundred percent into 13 arenas.

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