United Arab Emirates ranked first among Arab countries for attracting Foreign Direct Investment (FDI) in 2021, according to the newly released United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2022.
The UAE remained the largest recipient of FDI with flows increasing from US$19.88 billion in 2020, to US$20.7 billion in 2021.
The report showed that global flows of FDI recovered to pre-pandemic levels last year, reaching US$1.58 trillion, an increase of 64 percent compared to 2020.