The UAE has launched an ambitious new investment strategy aimed at attracting Dh2.2 trillion in foreign direct investment (FDI) by 2031. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, made this announcement during the UAE Government’s Annual Meetings in Abu Dhabi. He emphasized the UAE’s goal to become a leading global hub for foreign investment.
Sheikh Mohammed highlighted that this strategy is a key component of the UAE’s vision to diversify its economy, lessen reliance on oil revenues, and draw in high-value investments in sectors such as technology, renewable energy, healthcare, and infrastructure. “Our objective is straightforward: to triple cumulative FDI to Dh2.2 trillion by 2031, in line with our vision for economic diversification and resilience,” he stated.
This initiative is designed to boost growth in vital sectors, positioning the UAE as a prime location for innovation-focused companies and investors. The strategy includes simplifying regulatory frameworks, improving digital infrastructure, and offering incentives for foreign businesses to set up and grow in the UAE. Additionally, specialized investment zones will be created to promote collaboration between global firms and local businesses, fostering knowledge exchange and talent development.
This announcement was part of a larger agenda at the UAE Government’s Annual Meetings, which convened the nation’s top 500 officials. Throughout these sessions, the UAE’s dedication to national development and future preparedness was showcased through various agreements, networking opportunities, and special recognitions. Notable organizations were acknowledged for their contributions.
