The UAE aims to attract 1.3 trillion dirhams in foreign direct investment within 6 years

Abu Dhabi, January 23 / WAM / The Ministry of Investment confirmed that the National Investment Strategy is an essential axis for achieving the UAE’s ambitious economic vision.

In statements to the Emirates News Agency, WAM, His Excellency Mohammed Abdul Rahman Al-Hawi, Undersecretary of the Ministry of Investment, noted that the Ministry had launched a white paper on the investment environment in the country during its participation in the World Economic Forum “Davos 2025”.

He explained that this paper reviews the leading position of the UAE as an attractive destination for foreign direct investments thanks to its flexible legislative environment, supportive incentives, and advanced infrastructure, stressing that the UAE’s vision aims to attract foreign direct investments worth 1.3 trillion dirhams during the period from 2025 to 2031, to accelerate economic diversification. Consolidating its position as a global investment power across priority sectors, making it one of the top 10 global destinations for foreign direct investments.

The Undersecretary of the Ministry of Investment said that the contribution of foreign direct investment to the national gross domestic product reached 6% in 2023, and we aim to increase it to 8% in accordance with the National Investment Strategy.

His Excellency Mohammed Abdul Rahman Al-Hawi, Undersecretary of the Ministry of Investment, confirmed that the UAE has become a global center of attraction for investment that creates lasting value for investors and contributes to the growth of the comprehensive global economy through its favorable and supportive investment environment for investors, its connection to global markets, trade and capital, and attracting talent from around the world.

He pointed out that the National Investment Strategy aims to enhance the attractiveness of the UAE as a global center for trade and investment by improving the ease of doing business, providing more incentives to investors, and providing simplified regulatory frameworks, as the UAE ranked second globally after the United States in attracting institutional foreign direct investment in 2023.

He said that in the midst of the competitive global landscape, the UAE is a role model in promoting business sustainability and economic growth by adopting an investor-focused approach in all policies and regulatory frameworks that it enacts. Within the framework of the “We Are the UAE 2031” vision, we aim to build a diversified economy based on innovation and supported by… The national investment strategy.

His Excellency Mohammed Abdul Rahman Al-Hawi, Undersecretary of the Ministry of Investment, added that foreign direct investments are a fundamental pillar of this vision and act as a catalyst for the growth of the gross domestic product and enhancing the entrepreneurship environment by creating an integrated system focused on business, as this trend depends on a strong and advanced infrastructure and modern digital capabilities in addition to… A supportive institutional framework that includes bilateral agreements and increased market access through comprehensive economic partnership agreements. He stressed that these elements combined work to provide a basis for innovation, enhance flexibility and support global communication that enables economic entities to flourish in an interconnected world. He explained that the strategic location of the UAE has strengthened its position as a global commercial center as it is connected to 260 direct flight destinations, and the country is also 8 hours away by plane. It accounts for two-thirds of the world’s population, in addition to its connection to 150 global ports, while the UAE has an advanced aviation and maritime transport infrastructure that connects markets all over the world, which opens broad horizons for international trade. It consolidates the country’s position as a major gateway to rapidly growing markets in Asia, Africa and Europe.

He pointed out that strong international partnerships play a pivotal role in achieving this growth, as they are necessary to enhance joint economic recovery and push the boundaries of innovation, while the UAE’s comprehensive economic partnership agreements play a fundamental role in promoting global trade.

He said that in this context, the UAE has signed several comprehensive economic partnership agreements with major economies and 115 other bilateral investment treaties.

His Excellency Mohammed Abdul Rahman Al-Hawi, Undersecretary of the Ministry of Investment, added that the national approach towards the digital economy and artificial intelligence falls at the heart of the Ministry of Investment’s vision to shape the future of the national economy and global economies in general, and the UAE is working to provide new visions on ways to benefit from artificial intelligence technologies and digital transformation to achieve sustainable growth. And inclusive through sustainable investment in technology.

He explained that the National Strategy for Artificial Intelligence 2031 translates the UAE’s vision to ensure that the national economy is prepared for the future and has the flexibility necessary to integrate the capabilities of artificial intelligence in vital fields such as education, healthcare, energy and infrastructure, which aims to double the digital economy’s contribution to the national gross domestic product from 9.7% to 19.4%. By 2031 and investing 100 billion dirhams of economic value over the next ten years in transformative sectors such as artificial intelligence and advanced analytics.

His Excellency Mohammed Abdul Rahman Al-Hawi, Undersecretary of the Ministry of Investment, said that 778 projects related to artificial intelligence, worth $26.8 billion, were developed worldwide during the period from 2016 to 2023, according to the Foreign Direct Investment Database (fDi Markets), while the UAE leads the digital transformation path in The region is developing an advanced system for technological innovation and data-based solutions, and this is evident in Microsoft’s investment of $1.5 billion in the G42 Group in Abu Dhabi to enhance its capabilities in Developing artificial intelligence solutions and supporting their global expansion.

He added that the UAE is working to build strong capabilities in the field of artificial intelligence, cloud computing and cybersecurity and will continue to focus on strategic investments in artificial intelligence projects and other digital transformation projects.

His Excellency Mohammed Abdul Rahman Al-Hawi, Undersecretary of the Ministry of Investment, pointed out that the UAE will attract $30.7 billion in foreign direct investments in 2023 despite the challenges imposed by the global scene full of changes, stressing the continuation of building on these foundations in light of the firm commitment to building a better economic future, as economic diversification constitutes… Sustainability is the most prominent pillar of the national investment strategy, with a focus on priority sectors, including manufacturing, financial services, transportation and logistics services, utilities, renewable energy, and information and communications technology.

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