The United Arab Emirates (UAE) has solidified its position as a global powerhouse for foreign direct investment (FDI), ranking 11th worldwide in terms of FDI inflows by value and second in the number of new establishment projects. This remarkable achievement was highlighted in a extensive research paper titled “The United Arab Emirates: An Attractive Global Destination for Foreign Direct Investment,” presented by Mohammed Al-Hawi, Undersecretary of the UAE Ministry of Investment, during the annual meeting of the World Economic Forum in Davos, Switzerland.
The report underscores the UAE’s distinguished investment environment, which includes specialized commercial zones, a high credit rating, and robust trade relations with global economic powers. It also emphasizes the country’s role as a global commercial hub and a magnet for top-tier talent.
In 2023, the UAE attracted $30.7 billion in foreign direct investment, marking a 35% annual growth rate. This achievement is a testament to the nation’s far-sighted policies, supportive regulatory framework, and ability to draw high-value investments in key sectors such as renewable energy, technology, and manufacturing.
Mohammed Al-Hawi emphasized the UAE’s commitment to innovation, sustainability, and digital transformation as core drivers of growth. “The report confirms the great potential of the investment scene in the country and reflects our firm commitment to building a prosperous economic future based on diversification as a basic pillar of our strategy,” he stated.The UAE’s National Investment Strategy aims to position the country among the top 10 global destinations for FDI by 2031. Al-Hawi added, “Within the framework of this strategy, we will work during the next decade to achieve our ambitious economic goals and enhance the UAE’s position globally.”
The issuance of this research paper comes at a pivotal moment in the UAE’s journey toward sustainable economic growth. “In the midst of a global scene full of challenges, it is necessary for us to build on our strong foundations to prove to the whole world the importance and feasibility of investing in the UAE,” Al-Hawi explained.
The UAE’s unwavering commitment to fostering mutual growth and creating value-based opportunities has made it a beacon for global investors. “We call on investors and stakeholders from all over the world to join us in building a flexible and inclusive global economy based on innovation,” he concluded.
Key Highlights of UAE’s FDI Landscape
| Metric | Details |
|———————————|—————————————————————————–|
| Global FDI Ranking (Value) | 11th |
| Global FDI Ranking (Projects) | 2nd |
| FDI Inflows (2023) | $30.7 billion |
| Annual Growth Rate (2023) | 35% |
| Strategic Focus Areas | Renewable energy, technology, manufacturing |
| National Goal by 2031 | Top 10 global FDI destinations |
The UAE’s strategic vision, coupled with its dynamic investment ecosystem, continues to attract global attention. As the nation strides toward its 2031 goals, it remains a preferred destination for investors seeking innovation-driven opportunities in a thriving economy.
