UAE unveils strategy to triple FDI to AED 2.2 trillion

At the Government Annual Meetings in Abu Dhabi, the UAE unveiled its ambitious new Foreign Direct Investment (FDI) strategy, aiming to significantly boost the country's investment landscape by 2031.

The meetings brought together over 500 officials from across the UAE government, the private sector, and community organizations.

The National Investment Strategy 2031 was unveiled in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. 

It targets key sectors such as advanced manufacturing and renewable energy.

By 2031, the UAE aims to double its cumulative FDI to AED 1.3 trillion, and triple the cumulative FDI balance to AED 2.2 trillion, accounting for 30% of the national investment volume.

This will be achieved through five strategic directions: attracting new investments, expanding FDI in existing projects, strengthening international partnerships, enhancing investor relations and boosting the UAE’s overall competitiveness.

Minister of Investment, Mohamed bin Hassan Al Suwaidi, highlighted the UAE's impressive FDI growth since 2015, with the country's share of global FDI inflows increasing 5.5 times. Despite a global decline, UAE FDI inflows rose by 17.3% last year.

Aligned with the "We the UAE 2031" vision, the strategy aims to establish the UAE as a global investment hub, leading in emerging sectors and attracting top global talent.

In 2023, the UAE ranked second globally in new FDI projects, with 1,323 new ventures - an increase of 33% from 2022. The country also saw FDI inflows surge to AED 112.6 billion, a 35% rise compared to 2022.

As part of the new strategy, the UAE also launched the InvestUAE brand, a unified platform to promote the nation as a global investment destination.

While the Ministry of Investment handles policy and regulation, InvestUAE will lead promotional efforts through awareness campaigns, international events and digital marketing, strengthening the UAE's global presence and driving sustainable economic growth.

.@HHShkMohd attends unveiling of the National Investment Strategy 2031. Strategy unveiled during a main session of the UAE Government Annual Meetings 2024. pic.twitter.com/R2RUWIeR3B

— Dubai Media Office (@DXBMediaOffice) November 5, 2024

.@HHShkMohd: Clear goals lead to great achievements. The UAE’s remarkable surge of 35% in foreign direct investment inflows to AED112.6 billion in 2023, despite a global decline, affirms the success of our strategies and the high level of international confidence in our nation.… pic.twitter.com/SyOPLKSWmM

— Dubai Media Office (@DXBMediaOffice) November 5, 2024