- | 11:00 am
UAE launches National Investment Strategy 2031 to drive $599 billion in FDI
The strategy aims to double cumulative FDI to almost $354 billion and triple the FDI balance to $599 billion by 2031
At the UAE Government Annual Meetings 2024 in Abu Dhabi, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, introduced the National Investment Strategy 2031.
Focusing on key sectors like advanced manufacturing and renewable energy, the strategy aims to double cumulative foreign direct investment to nearly $354 billion and triple the FDI balance to $599 billion by 2031. This will be achieved through five strategic pillars: attracting new investments, expanding existing projects, strengthening global partnerships, enhancing investor relations, and boosting competitiveness.
The event brought together over 500 officials from government bodies, the private sector, and community organizations.
Sheikh Mohammed underscored the UAE’s remarkable 35% increase in foreign direct investment (FDI) inflows, totaling AED 30.6 billion in 2023, despite a global downturn. “Clear goals lead to great achievements,” he remarked.
The strategy launch saw attendance from prominent figures, including H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, along with other royal and government officials.
Mohamed bin Hassan Al Suwaidi, Minister of Investment, outlined the strategy’s goals, which are aligned with the “We the UAE 2031” vision. Al Suwaidi highlighted the UAE’s FDI growth since 2015, noting that despite a 5.3% global decline, the country saw a 17.3% rise in inflows.
In 2023, the UAE ranked second worldwide for new FDI projects, with a 33% rise to 1,323 projects. Over the past decade, the UAE’s FDI balance soared by 150%, significantly outpacing global growth rates.
The session also introduced the InvestUAE brand—a new initiative to position the UAE as a premier investment destination, drive international promotion, forge partnerships, and support sustainable economic growth.
Al Suwaidi emphasized the UAE’s competitive advantages, including its robust financial hubs, infrastructure, and overall economic strength, as key draws for investors. While he acknowledged global challenges such as geopolitical tensions, he reaffirmed the UAE’s dedication to enhancing its global investment appeal.
Featured Videos
Today's Top Stories:
More Top Stories:
FROM OUR PARTNERS
