UAE unveils national investment strategy targeting AED 240B by 2031

Investing.com -- The ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, chaired a Cabinet meeting at Qasr Al Watan, Abu Dhabi today, where the National Investment Strategy for the upcoming six years was approved. The strategy aims to significantly boost the annual Foreign Direct Investment (FDI) inflows, with a target to increase it from AED 112 billion in 2023 to AED 240 billion by 2031.

The strategy also aims to grow the FDI stock from AED 800 billion to a substantial AED 2.2 trillion. The focus of this investment growth will be on several key sectors, including industry, logistics, finance, renewable energy, and information technology.

The United Arab Emirates (UAE) is making consistent efforts to advance its economy, open its markets to global investors, attract more investments, and create a world-class business environment. This new National Investment Strategy is a part of the country’s broader plan to achieve these objectives.

The approved strategy represents a significant step for the UAE, demonstrating the country’s commitment to economic growth and diversification. The targeted increase in FDI inflows and FDI stock indicates the UAE’s strategic focus on attracting more foreign investments and strengthening its position as a global business hub.

By focusing on sectors such as industry, logistics, finance, renewable energy, and IT, the UAE is aligning its investment strategy with global trends and future growth sectors. This alignment is expected to make the UAE an even more attractive destination for foreign investors.

The announcement of this strategy by His Highness Sheikh Mohammed bin Rashid Al Maktoum underscores the UAE’s proactive approach to economic planning and its commitment to creating an open, investor-friendly business environment. This is part of the UAE’s broader economic vision and its efforts to strengthen its global economic position.

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