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  • 17-06-19

    UAE snatches 27th global rank in FDI

    (MENAFN) The United Arab Emirates (UAE) was able to secure the 27th place internationally when it comes to foreign direct investment (FDI) for 2018.

    Last year, the United Nations Conference on Trade and Development's (UNCTAD) World Investment Report 2019 revealed, the UAE registered USD10.4 billion in FDI.

    This amount, according to the report, amounted for almost 36 percent of the overall FDI flows to Arab nations.

    Economy Minister Sultan bin Saeed Al Mansoori hailed the progress, saying that it "confirms the global investor confidence in the quality and efficiency of the country's business environment, and its leading position as a regional destination for investments."

    MENAFN1706201900450000ID1098646872

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