The UAE has launched a new Investment Strategy with the goal of tripling its total foreign direct investment (FDI) to an impressive Dh2.2 trillion by 2031. This initiative was announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, during the UAE Government’s Annual Meetings in Abu Dhabi, highlighting the nation’s dedication to creating a strong investment climate.
Sheikh Mohammed pointed out that establishing clear objectives is crucial for reaching significant achievements, remarking, “Clear goals lead to great achievements.” The UAE experienced a remarkable 35% increase in FDI inflows, reaching Dh112.6 billion in 2023, even as global investment levels fell. This growth reflects the success of current strategies and the rising international trust in the UAE as a leading investment hub. The new strategy is designed to build on this success and draw in even more foreign investment.
To reach this ambitious goal, the UAE government intends to roll out various initiatives and reforms aimed at improving the investment environment. These efforts will focus on enhancing regulatory frameworks, minimizing bureaucratic obstacles, and encouraging innovation and sustainability in vital sectors like technology, renewable energy, and tourism. By fostering a more attractive business environment, the UAE hopes to entice foreign investors looking for long-term growth prospects in a region known for its economic stability.
Additionally, the government is prioritizing the strengthening of partnerships with both local and international investors. The strategy includes plans for targeted investments in infrastructure, technology, and workforce development to ensure the UAE remains competitive globally.
