THE WORLD HAS FAITH IN UAE ECONOMY, SHOWS FDI SURGE: The UAE saw a 116 per cent jump in FDI from 2012 to 2021, becoming the first in the West Asia and the Middle East and North Africa region, and 19th globally in terms of attracting foreign investments. Foreign direct investment in the UAE climbed to $20.667 billion in 2021 compared to $9.566 billion in 2012. Surging foreign investment is a sign of the economy’s health and confidence that the outside world has in a country. Even during the pandemic, when foreign investors around the world were cautious with their funds, the UAE emerged as a reliable option. Annual FDI inflows increased from $10.385 billion in 2018 to $17.874 billion in 2019, and to $19.884 billion in 2020. Moreover, the cumulative FDI balance received by the UAE jumped by 141.6 per cent from 2011 to 2021, rising from $71.02 billion to reach $171.563 billion last year, representing an increase of more than $100.5 billion over 11 years. [COMMENT BY: Anupam Varma, Assistant Editor]
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