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UAE recorded second-highest increase in new foreign investment projects in 2023

Report reveals a 28% surge in new foreign investment projects in the UAE during 2023

UAE recorded second-highest increase in new foreign investment projects in 2023
[Source photo: Chetan Jha/Fast Company Middle East]

With its sights set on the future, the UAE continues to attract investment. Its investor-friendly ecosystem is paving the way for a new era of economic prosperity, drawing the world’s most talented and innovative minds.

A new report by the United Nations Conference on Trade and Development (UNCTAD) reveals a 28% surge in new foreign investment projects in the UAE during 2023, securing the country’s second spot in global rankings, just behind the US.

The report Investment Trends Monitor shows the UAE’s attractiveness for foreign investors remains steadfast, even as many countries grapple with a decline in inflows.

This robust appeal stems from its strategic location, ambitious leadership, and unwavering commitment to fostering a thriving business ecosystem.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, underscored that the UAE is reaping the benefits of its forward-looking leadership by elevating global investment and trade openness.

Al Zeyoudi points to the record number of FDI projects as a testament to the UAE’s burgeoning status as a global business hub, attracting top-tier talent and groundbreaking ideas from all around the world. It also reflects the nation’s remarkable economic rebound, exceeding global benchmarks in growth, non-oil trade, and FDI attraction.

These numbers speak volumes, he adds. They signify the global business community’s unwavering confidence in the UAE’s economic stability, sound policies, robust legal framework, and unwavering dedication to sustainable progress.

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