Today: 24 October 2025
21 June 2024
2 mins read

UAE ranks second globally in new FDI projects

The UNCTAD report showed that FDI outflows stood at US$ 22.328 billion compared to US$ 24.833 billion in 2022…reports Asian Lite News

The UAE took the second place after the United States in greenfield FDI project announcements in 2023 at 1,323, an increase of 33 percent compared with 2022, according to the World Investment Report 2024, published today by the UN Trade and Development (UNCTAD).

In terms of FDI inflows in 2023, the UAE attracted US$ 30.688 billion compared to US$ 22.737 billion in 2022, a y-o-y growth of 35 percent.

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.

Meanwhile, the UAE contributed 10 percent of Bahrain’s foreign direct investment (FDI) stocks, taking the third place, according to the latest figures.

A statement issued by Bahrain Economic Development Board (Bahrain EDB), said Bahrain has secured a record US$6.8 billion FDI inflows in 2023, according to the latest World Investment Report (WIR 2024) by the United Nations Conference of Trade and Development (UNCTAD).

Marking one of the highest ratios in the world, Bahrain’s FDI stocks relative to GDP stood at 99.7 percent as of the end of 2023, a figure significantly higher than the global average of 46.9 percent.

According to Bahrain’s Information & eGovernment Authority, the top countries contributing to Bahrain’s FDI stocks as part of a diverse portfolio include Kuwait (36 percent), Saudi Arabia (23 percent) and the UAE (10 percent).

The figure tops the previous record set in 2022, marking a huge increase of 148 percent from US$2.8 billion. This contributed to the growth of cumulative inward FDI stocks, which climbed from US$36.2 billion in 2022 to US$43.1 billion in 2023.

Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of Bahrain EDB, said, “The milestone FDI inflows attracted in 2023 reflects the strength of Bahrain’s value proposition and continued standing as a trusted destination of choice for regional and global investors seeking best value operating costs in a strategic location that serves as an ideal gateway to the region and beyond.”

ALSO READ: UAE climbs in global competitiveness ranking

Previous Story

Dubai attracts Vietnamese EV pioneer ‘VinFast’

Next Story

UAE Finance Ministry launches new transformational projects

Latest from -Top News

Tel Aviv Halts Progress on West Bank Bills

The vote was carried out during US Vice-President J.D. Vance’s visit to the country….reports Asian Lite News Israel has frozen the West Bank annexation bills that had cleared a preliminary vote in

India Hails Trump’s Role in Gaza Deal

Delhi credits Washington for reviving hopes of Middle East stability…reports Asian Lite News India has praised US President Donald Trump for his role in securing the landmark Gaza agreement, saying the move

India, Oman Cement Defence Partnership

The officials of two nations also held talks on capability development, professional military education and new avenues for partnership…reports Asian Lite News The Indian Army and Royal Army of Oman held the

World Court: Israel Must Uphold Rights in Palestine

Israel strongly rejected the opinion, calling it “politicisation of International Law, which seeks to produce political outcomes….reports Asian Lite News The World Court has ruled that Israel must respect international human rights

Clearing A Mess in Gaza

Municipalities across Gaza have mobilized their limited resources to clear streets and set up temporary shelters for thousands of displaced families…reports Asian Lite News The conflict has left behind an estimated 55
Go toTop

Don't Miss

UAE, UK share historic bond: Dorries

UAE Minister of Culture and Youth Noura bint Mohammed Al

 UAE Supports Ukrainian Health Sector

Since the crisis began, the UAE has provided urgent relief