Browsing: UAE

Business

UAE launches National Investment Strategy 2031

UAE has unveiled its National Investment Strategy 2031 at the UAE Government Annual Meetings 2024 in Abu Dhabi, with more than 500 senior officials from various sectors in attendance. This announcement underscores the UAE’s commitment to strengthening its position as a global investment hub. The strategy was introduced in the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, and Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court.

Business

ADNOC, Masdar join Microsoft for AI and low-carbon advancements

ADNOC and Abu Dhabi Future Energy Company (Masdar) have signed a Strategic Collaboration Agreement (SCA) with Microsoft, aiming to drive AI and low-carbon initiatives in the UAE and internationally. The focus is on decarbonising the current energy system and enabling a sustainable energy future.

Business

UAE unveils 2031 investment plan, aims for $599B FDI

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.