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UAE takes second place globally in new FDI projects

Friday, 21 June 2024 at 06:11

By ARN News Centre

AFP

The UAE ranks second globally after the US for new Foreign Direct Investment projects in 2023 with 1,323, an increase of 33 percent compared to 2022.

The World Investment Report 2024, published today by the UN Trade and Development shows the UAE attracted US$ 30.688 billion compared to US$ 22.737 billion in 2022, a y-o-y growth of 35 percent.

UAE takes second place globally in new FDI projects at 1,323 in 2023#WamNews https://t.co/XrqT5CSWvs pic.twitter.com/hs3j67Ry0p
— WAM English (@WAMNEWS_ENG) June 20, 2024

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.

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