The net investments of non-Arab foreigners in local stocks rose to over AED15.54 billion ($4.23 billion) since the start of 2022.
According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.276 billion from the beginning of the year to the end of last week, compared to sales of some AED54.733 billion during the same period, with a net investment of AED15.54 billion as purchase proceeds.
The figures also showed that the purchases of non-Arab foreign investors in the Abu Dhabi Securities Exchange amounted to some AED51.517 billion since the start of this year, compared to sales of about AED37.843 billion, with a net investment of AED13.673 billion as a purchase outcome.
The purchases of non-Arab foreign investors in the Dubai Financial Market totaled some AED18.758 billion since the start of this year, compared to sales of about AED16.889 billion, with a net investment of more than AED1.86 billion as a purchase outcome.
FDI Magnet
The UAE has been ranked first in the Arab world and 19th globally for its ability to attract foreign direct investment (FDI) inflows by the World Investment Report 2022 issued by the United Nations Conference on Trade and Development (UNCTAD).
The UAE also emerged 17th globally in terms of FDI outflows that totaled $22.5 billion in 2021, a 19 percent growth compared to the year 2020.
The report, which compares FDI performance of countries in 2021 with that of 2020, noted that in 2021, the UAE attracted $20.7 billion worth of FDI, recording a 4 percent growth from 2020. This makes it the first Arab country to acquire 40 percent of the total FDI received by the Arab countries, which is $52.9 billion.