UAE’s FDI inflows hit $23b in ’22 – IFZA

The United Arab Emirates (UAE) had witnessed total foreign direct investment (FDIs) inflows of $23 billion in 2022, around 10 per cent year-on-year (YoY) growth, an IFZA official on Tuesday.

Mohamed Magdy, client relations manager at the UAE’s International Free Zone Authority (IFZA), made his remarks during the Golden Triangle Summit to highlight investment opportunities in Egypt, UAE, and Saudi Arabia.

The IFZA is one of the free zones in the UAE, based in Dubai and designed to enable entrepreneurs to enjoy professional commercial activities and industrial services.