Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, highlighted the UAE’s focus on enhancing its global economic standing by attracting more businesses, investments, and entrepreneurial ventures. This drive aligns with the “We the UAE 2031” vision, aiming to establish the UAE as a leading destination for investors and innovation-driven businesses.
Following the 2023 UNCTAD Global FDI Report, which ranked the UAE second globally in FDI inflows, the country saw a notable 35% increase in foreign direct investment from 2022, reaching $30.688 billion.
Sheikh Hamdan commended these results, crediting UAE’s progressive investment framework and the government’s dedication to economic growth and diversification.
In a recent meeting with key officials, including Minister of Investment Mohamed Hassan Alsuwaidi and Minister of State for Artificial Intelligence, Omar bin Sultan Al Olama, Sheikh Hamdan reviewed the country’s latest strategic initiatives. These initiatives focus on advancing the UAE’s competitiveness and further solidifying its appeal to foreign investors. Key points of discussion included strengthening innovation-driven sectors, creating favorable business policies, and expanding foreign direct investment.
Emphasizing the role of innovation, Sheikh Hamdan underscored the need to cultivate Emirati talent and promote sustainable development across sectors. To support growth, he stressed the importance of flexible, investor-friendly policies, robust infrastructure, and legislative frameworks that provide security and confidence for foreign entities.
Sheikh Hamdan called for continued collaboration among government entities and investors, asserting that these partnerships are essential to the UAE’s vision of becoming a global hub for trade, investment, and emerging technologies.
Adding to his vision, Sheikh Hamdan highlighted the importance of fostering innovation in technology, AI, and renewable energy sectors, as they play a critical role in ensuring sustainable development and long-term economic resilience.
