The 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.
Sheikh Mohammed highlighted the UAE’s record foreign direct investment (FDI) surge in 2023, which reached AED 112.6B, marking a 35% increase despite global economic challenges. He stated, “Clear goals lead to great achievements,” noting that the growth reflected global confidence in the UAE’s business environment and economic strategies.
In 2023, the UAE ranked second globally for new FDI projects, with 1,323 new projects—a 33% increase from 2022. This performance has led the UAE to rise to 11th place globally for FDI attraction. Since 2015, the UAE has increased its share of global FDI flows by 5.5 times, with a 150% increase in cumulative FDI over the last decade, outperforming the global growth rate.
The National Investment Strategy 2031 sets ambitious targets to double cumulative FDI to AED 1.3T and triple the FDI balance to AED 2.2T by 2031. It focuses on five key pillars: advanced manufacturing, renewable energy, technology, fostering international partnerships, supporting long-term investor relations, and improving the business environment.
The strategy draws on the UAE’s advantages, including world-class infrastructure, financial services, and high quality of life. The launch of InvestUAE will promote the UAE globally, positioning it as a premier destination for business and investment, in line with the “We the UAE 2031” vision.
