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The United Arab Emirates ranked eighth globally in the recovery of foreign direct investment from the economic consequences of the outbreak of the “Covid-19” pandemic, according to data issued yesterday by the British “FDI Intelligence” magazine, which specializes in foreign direct investment matters around the world..
By monitoring the levels of FDI recovery in different countries of the world, the magazine relied on comparing the number of brand new projects financed by FDI in the first half of 2022 with their number in the same period of 2021, in each country..
The rate of increase in the UAE reached 57.89%, and it was the eighth highest percentage increase in the world.
The United Arab Emirates outperformed ninth-placed Georgia, up 50%, and tenth-placed Ireland, up 40%.
Armenia topped the list with a 600% increase.
The magazine also reported that the United Arab Emirates led the Gulf in the value of the absolute increase in the number of brand new projects financed by foreign direct investment in the first half of this year, with their number in the same period last year..
The number of brand new projects funded by foreign direct investment in the UAE in the first half of this year reached 292, compared to 185 projects in the first half of 2021..
Follow the financial statement via Google News