Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC), stated that UAE investments abroad are performing well despite global economic fluctuations.
The UAE is expanding its investment portfolio to secure future generations with valuable and viable projects, demonstrating sound economic management and commitment to development and cooperation.
The UAE's global economic prominence is underscored by its $2.5 trillion worth of assets abroad, ranking 15th globally and leading in the Arab region. Investments span various countries with a focus on the US, Egypt, UK, India, and emerging European markets like Serbia and Greece. Sovereign wealth funds, led by ADIA, constitute 72% of these investments. Major recent deals include Apollo Global Management's acquisition of UniVar Solutions and Caisse de dépôt et placement du Québec's stake in DP World. Notable investments include a stake in Vodafone and OMV AG. Emirati investments abroad have steadily increased, reaching $240 billion by 2022.
Regarding annual flows, he clarified that the UAE's investment flow abroad increased in 2022 to reach $24.833 billion, representing a 10 percent increase from 2021, when it was $22.546 billion. Additionally, the UAE ranked 15th globally in investment flows to world countries in 2022, compared to the 20th position in 2021, according to the report issued by the United Nations Conference on Trade and Development (UNCTAD).
News Source: Emirates News Agency
