UAE’s FDI inflows jump 44% in 2020

• The oil and gas sector stood out as a number of deals were struck with foreign partners

• The cumulative value of FDI reached $174 billion

Foreign direct investment (FDI) inflows to the UAE grew 44.2 percent in 2020 to reach $19.9 billion despite the pandemic.

The oil and gas sector stood out as a number of deals were struck with foreign partners, the Ministry of Economy revealed.

The cumulative value of FDI reached $174 billion, representing a growth of 12.9 percent in the same period.
Outflows amounted to $9.2 billion, the ministry said, covering various economic sectors such as aviation, transportation, renewable energy, and agriculture.

“The investment landscape of the UAE has been steadily developing over the past years with the rapid introduction of progressive measures that have earned the nation a coveted position internationally,”

Abdullah bin Touq Al-Marri, the country’s economic minister, said.
He said the UAE is eyeing more measures to improve its investment landscape, particularly in priority sectors.