The Emirates had been acknowledged $20Bln FDI’s and overall, they got 15th major recipient of inflows globally

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Image Credit: - Image by Mohamed Hassan from Pixabay.com
  • The Emirates has globally been the 15th major recipient for the Foreign Direct Investments (FDI’s) within the year 2020, getting over $20Billion, that is upsurged from $18Billion within 2019.
  • The Emirates had climbed up seven positions within the universal positions from 2019 to 2020.

The preceding year, the UAE’s major Power producer signed a dealing worth more than $10 billion with a cluster of investors to market a 49 percent stake in its gas ducts.

The UAE’s major Energy producer ADNOC’s selling venture in their natural Oil and Gas ducts had influenced to investment progress in the nation, a United Nations report stated, as well as liberalization of its FDI administration.

The report also added out that; “FDI to the United Arab Emirates expanded by 11 per cent to $20 billion. Natural resources transactions drove investments in the country, primarily ADNOC’s $10 billion sale of a 49 per cent stake in its natural-gas pipelines to a group of six investors including Global Infrastructure Partners (United States), Brookfield Asset Management (Canada) and Singapore’s sovereign wealth fund.”

The report also further endured that: “The United Arab Emirates also received investments in other industries: for example, some 53 per cent of FDI to the Emirate of Dubai in the first half of 2020 was in medium and high-tech sectors; and a key deal was realised in the pharmaceuticals industry, with CCL Pharmaceuticals (Pakistan) acquiring a majority stake in StratHealth Pharma for an undisclosed sum.”

With an investment valued at $19Billion, the nation had kept its position as the 13th major for the FDI Outflows.

The United Nations Conference on the Trade and Development (UNCTAD) World Investment Report displayed out that the Emirate was the 5th major FDI’s recipient within the Asia, post the China, Singapore, Hong Kong as well as India.

It also further added out that; “The United Arab Emirates continued to liberalize its FDI regime with the promulgation of the 2020 FDI Decree, which further facilitated foreign investment by extending some of the free zone incentives to the broader economy.”

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