For two years in a row, the United States and China held first and second spots on the list. The US received $285 billion in 2022 (falling more than $100 billion from 2021) and China receivied $189 billion in FDI inflows. Singapore rose one spot to third place in 2022 with $141 billion in FDI inflows, overtaking Hong Kong in fourth receiving $118 billion.
The UAE has achieved the highest foreign direct investment inflows in its history in 2022, reaching AED 84 billion ($23 billion) despite a 12% decline in global FDI movement,” he said, according to the Emirates News Agency.
The drop in global FDI was due to multiple global crises, including the Russian invasion of Ukraine, high food and energy prices, and debt pressures. The result of rising interest rates and uncertain capital markets affected the financing of international projects and cross-border mergers and acquisitions in particular, the investment report stated.
Egypt announced up to 55% tax exemption incentives for FDI-funded projects in major industries that are at least 50% financed by a foreign currency.
.webp)
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