Check Weather For Other Countries:
o
- [UAE News]UAE participates in ministerial meeting of G20 Empowerment of Women Working Group ...Read More
- [UAE News]UAE, Russian Presidents inaugurate Sheikha Fatima bint Mubarak Education Centre at Primakov School in Moscow ...Read More
- [UAE News]UAE President's visit to Moscow garners wide coverage across Russian media ...Read More
- [UAE News]UAQ Crown Prince receives Slovenian Ambassador ...Read More
- [UAE News]UAQ Crown Prince receives Kazakh Ambassador ...Read More
- [UAE News]Emirates' Rulers condole with King of Bahrain on passing of Sheikh Humood bin Abdullah ...Read More
- [UAE News]UAE President attends special dinner hosted by Russian President in his honour ...Read More
- [UAE News]UAE President arrives in Moscow on official visit ...Read More
- [UAE News]FNC Speaker, President of Italy's Chamber of Deputies highlight depth of bilateral ties ...Read More
- [UAE News]UAE’s First Palliative Care Conference highlights importance of compassionate end-of-life care ...Read More
UAE takes second place globally in new FDI projects at 1,323 in 2023
- Business
- 20 Jun 2024
- 12:00 AM
Share :
The UAE took the second place after the United States in greenfield FDI project announcements in 2023 at 1,323, an increase of 33 percent compared with 2022, according to the World Investment Report 2024, published today by the UN Trade and Development (UNCTAD). In terms of FDI inflows in 2023, the UAE attracted US$ 30.688 billion compared to US$ 22.737 billion in 2022, a y-o-y growth of 35 percent. The UNCTAD report showed that FDI outflows stood at US$ 22.328 billion compared to US$ 24.833 billion in 2022. FDI outflow stock grew to US$ 262.208 billion in 2023 from US$ 239.880 billion in 2022. The United Arab Emirates gained two places in the ranking of top destinations for greenfield projects, after entering the top five in 2022.