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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.
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.
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.