Rwanda Although FDI stocks have increased in recent years due to Rwanda’s political stability and measures focused on improving the business climate, FDI flows still remain rather weak. According to UNCTAD 2020 World Investment Report, inflows increased from USD 382 million in 2018 to USD 420 million in 2019. FDI stock was estimated at USD 2,6 billion at the end of 2019. Investments are mainly targeting the sectors of mining, construction and real estate, infrastructure and information and communication technologies. According to statistics from Rwanda Development Board (RDB), the main investing countries are Portugal, the UK, India and the UAE. In 2019, Rwanda recorded a record total investment level of 2.46 billion USD, 37% of which in foreign direct investment (RDB). Among the factors explaining this growth in investment are support mechanisms such as the One Stop Center, follow-up services and exchange platforms between senior management and business leaders. The Bugesera International Airport construction project alone absorbed USD 400 million. The government of Rwanda is seeking to attract more FDI and in 2015 approved a new Investment Code aimed at providing tax breaks and other incentives to investors. In addition, the country has no statutory limit to foreign ownership or control, nor any official economic or industrial strategy that discriminates against foreign investors.