Browsing: Foreign direct investment

UAE has launched its National Investment Strategy, aiming to triple its foreign direct investment (FDI) balance to AED 2.2T ($599B) by 2031. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai, alongside Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, unveiled the strategy during the UAE Government Annual Meetings 2024 in Abu Dhabi.These meetings, held on November 5 and 6, gathered over 500 officials, including representatives from the UAE government, local entities, private sector, and community organisations.

The global digital creative economy is set to reach AED 27T by 2030, propelled by emerging technologies such as artificial intelligence (AI) and virtual reality. This projection comes from a study by Dubai Design District (d3) and Dubai Media City, in partnership with global consultancy Monstarlab.

The UAE free zone DMCC has wrapped up its second Made for Trade Live roadshow in the United States this year, with visits to San Francisco, California, and Denver, Colorado, as it aims to expand UAE-US trade and investment across vital economic sectors.