The 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.
In 2023, the UAE’s FDI inflows rose by 35 per cent to AED 112.6B ($30.7B), despite a challenging global landscape, reflecting strong international confidence in the nation’s economy. This new strategy seeks to double cumulative FDI to AED 1.3T ($354B) and triple the FDI balance by focusing on advanced manufacturing, renewable energy, and other key sectors.
Sheikh Mohammed remarked that the UAE’s strategy builds on its achievements with clear goals and well-structured plans, aiming to establish the nation as a global investment hub. Mohamed bin Hassan Al Suwaidi, UAE Minister of Investment, presented key targets of the strategy, which also aligns with the “We the UAE 2031” vision. Al Suwaidi highlighted the UAE’s 150 per cent growth in cumulative FDI from 2013 to 2023, far outpacing the global average of 97 per cent, demonstrating the UAE’s appeal in the global market.
While the Ministry of Investment will manage policies and regulations, InvestUAE will lead promotional efforts, using international events, digital marketing, and partnerships to strengthen the UAE’s position as an investment destination, fostering partnerships, and driving sustainable economic growth and diversification.
