By Staff Reporter
The UAE is aiming to significantly boost its foreign direct investment (FDI) inflows, with a target of increasing annual foreign investments from Dh112 billion in 2023 to Dh240 billion by 2031.
This ambitious goal is part of the country’s newly announced National Investment Strategy, which seeks to grow the UAE’s total foreign investment stock from Dh800 billion to Dh2.2 trillion over the coming years.
The strategy, unveiled on Monday, focuses on key sectors including industry, logistics, financial services, renewable energy, and information technology. The UAE is positioning itself to expand its economy, attract global investments, and continue fostering one of the world’s most business-friendly environments.
Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE, emphasized on X that the strategy will promote financial sector development, enhance institutional innovation, and support the ‘Invest UAE’ programs.
By 2031, the UAE aims to raise foreign direct investment’s share in total investments to more than 30% and its contribution to GDP to 8%. As part of ongoing reforms, the Cabinet also announced a policy to improve health crisis management, enhance preparedness, and develop recovery plans for emergencies. Additionally, new regulations will increase access to life-saving treatments, with a 30% rise in transplant procedures at over 13 licensed transplant centers.
The Cabinet further approved the launch of the National Green Certificates Programme, a voluntary certification for sustainable buildings across various sectors, aiming to promote environmentally-friendly infrastructure throughout the UAE.
News Source: Khaleej Times
