What To Know
- During the UAE Government Annual Meetings hosted in Abu Dhabi, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai witnessed the launching of the National Investment Strategy 2031.
- As per the direction of His Excellency Mohammed bin Hassan Al Suwaidi, Minister of Investment, the UAE’s goal is to attract the best international talent, encourage Emirati innovation, and build the nation’s resilience across high growth sectors.
- This strategic plan is expected to elevate the UAE to a global investment destination as underlined by the 35 percent increase in FDI to AED 112.
During the UAE Government Annual Meetings hosted in Abu Dhabi, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai witnessed the launching of the National Investment Strategy 2031. This strategic plan is expected to elevate the UAE to a global investment destination as underlined by the 35 percent increase in FDI to AED 112.6 billion in 2023 despite variations across the world.
The National Investment Strategy 2031 laid out to achieve UAE target of $370 trillion in cumulative FDI through diversification on emerging sectors such as manufacturing, renewable energy and technology among others. As per the direction of His Excellency Mohammed bin Hassan Al Suwaidi, Minister of Investment, the UAE’s goal is to attract the best international talent, encourage Emirati innovation, and build the nation’s resilience across high growth sectors. The strategy outlined the plans to achieve targets such as tripling the cumulative FDI balance up to AED 2.2 trillion by 2031 based on the major priorities of the country’s FDI development which includes FDI in existent projects investment promotion and its acceleration investor relation and competitiveness improvement.
His Excellency personally pointed to the fact that the UAE has increased FDI balance by 150% in the last decade The figure significantly exceeds the average world indicator of 97%. In 2023, the UAE came second in the world by the volume of new FDI projects thus proving to be increasingly attractive for investors.
The session also marked the debut of “InvestUAE”, the UAE’s single-brand channel to boost the country’s attractiveness overseas. By so doing, the UAE shall tap into digital marketing, global summit and investors engagement campaigns to realize sustainable economic diversification and growth while enhancing the UAE’s stability and competitiveness in the face of continually evolving global environment.
