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UAE FDI Hits $45.6 Billion in 2024, Eyes $354B by 2030

The UAE ranked 10th globally and first in the GCC for foreign direct investment in 2024, with Sheikh Mohammed pledging an even bolder $354 billion target by 2030.

UAE FDI Hits $45.6 Billion in 2024, Eyes $354B by 2030
Source: UNCTAD World Investment Report 2025
By DUBAI2 min read
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  • 1The UAE attracted $45.6 billion (AED167.6 billion) in FDI in 2024, a 48% year-on-year increase, according to the UNCTAD World Investment Report 2025.
  • 2The UAE ranked 10th globally and first among GCC countries for FDI inflows in 2024, capturing 37% of all Middle East FDI.
  • 3The UAE secured second place worldwide for greenfield FDI projects, with 1,369 announced projects worth $14.5 billion.
  • 4Sheikh Mohammed bin Rashid Al Maktoum announced a new national FDI target of AED1.3 trillion ($354 billion) by 2030.
  • 5Key investment enablers include full foreign ownership, a 9% corporate tax rate, and more than 120 bilateral investment treaties.

The UAE secured AED167.6 billion ($45.6 billion) in foreign direct investment during 2024 — a remarkable 48% year-on-year increase — ranking 10th globally and first among GCC nations, according to the UNCTAD World Investment Report 2025. The figure represents 37% of all FDI flowing into the Middle East, cementing the UAE's status as the region's premier investment hub.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, described the milestone as "a vote of confidence in the economy model of the UAE." He simultaneously revealed the country's next FDI target: AED1.3 trillion ($354 billion) by 2030.

UAE Ranks Second Globally for Greenfield FDI Projects

Beyond total inflows, the UAE claimed second place worldwide for newly announced greenfield FDI projects, trailing only the United States. A total of 1,369 projects worth AED53.3 billion ($14.5 billion) were announced during 2024. Notably, the UAE posted 2.8% growth in greenfield projects at a time when global greenfield activity expanded by just 0.8% — demonstrating the country's ability to attract high-quality, job-creating investment even in a challenging global environment.

Top Sectors Driving UAE Foreign Direct Investment

The leading sectors by share of greenfield FDI in 2024 were:

- Software & IT services: 11.5% - Business services: 9.7% - Renewable energy: 9.3% - Oil, gas & coal: 9.0%

The UAE's total FDI stock now stands at approximately $270.6 billion, reflecting a compound annual growth rate of 10.5% since 2015.

Why Investors Choose the UAE

Minister of Investment Mohamed Hassan Alsuwaidi attributed the strong performance to a business-friendly ecosystem built on several pillars: full foreign ownership rights, a competitive 9% corporate tax rate, streamlined business licensing procedures, and more than 120 bilateral investment treaties that provide legal certainty for international investors.

National Investment Strategy 2031 Sets Long-Term Roadmap

Underpinning these ambitions is the UAE's National Investment Strategy 2031, which targets growth across advanced manufacturing, renewable energy, artificial intelligence, and financial services. The country continues to strengthen its global competitiveness through talent attraction, innovation-friendly policies, and high-profile technology partnerships — including the $1.5 billion Microsoft and G42 AI joint venture.

With political stability, a diversified economy, and relentless policy reform, the UAE remains one of the world's most attractive destinations for sustainable, high-impact investment.

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Written by

Staff Writer

Reporting from Dubai — independent, on the ground, and built on local sources.