UAE, 6 November, 2024 : The UAE has launched a bold strategy to triple its cumulative foreign direct investment (FDI) balance to Dh2.2 trillion by 2031, as announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. The National Investment Strategy 2031, revealed during the UAE Government Annual Meetings in Abu Dhabi, is designed to position the UAE as a global investment hub.
The strategy, aligned with the "We the UAE 2031" vision, aims to lead in emerging sectors, attract top talent, and foster Emirati innovation and leadership. Sheikh Mohammed highlighted a remarkable 35% increase in FDI inflows to Dh112.6 billion in 2023, defying global declines, and underscoring strong international confidence in the UAE’s economic strategies.
The plan targets key sectors like advanced manufacturing and renewable energy, aiming to double cumulative FDI to Dh1.3 trillion and ultimately reach Dh2.2 trillion by 2031. This will be achieved through five strategic directions: attracting new investments in priority sectors, expanding FDI in existing projects, building international partnerships, enhancing investor relations, and increasing competitiveness.
In 2023, the UAE ranked second globally in new FDI projects, with a 33% increase, totaling 1,323 projects. The UAE advanced to 11th in global FDI attraction, according to UNCTAD, outpacing the global FDI growth rate over the last decade with a 150% rise in cumulative FDI balance from 2013 to 2023, compared to the global average of 97%.
Source : www.khaleejtimes.com
