UAE Celebrates Union Day with Booming Investments
DUBAI, UAE – The United Arab Emirates (UAE) marked its 53rd Union Day on December 2nd, celebrating not only national unity but also a thriving economy attracting global attention.
Mohammed Juma Al Musharrakh, Executive Director of the Sharjah Foreign Direct Investment Office "Invest in Sharjah," commended the nation’s progress, emphasizing its success "as a global investment destination."
This success story, he explained, stems directly from "the vision of wise leadership in promoting economic diversification and developing vital sectors and strengthening economic and trade interconnection with the world."
Al Musharrakh highlighted the UAE’s "competitive investment environment that combines innovation and stability," citing the country’s ability to attract major investors through "progressive economic policies and inspiring legislation."
These policies have yielded impressive results. In 2023, the UAE recorded a surge in foreign direct investment, totaling 112.6 billion dirhams, a remarkable 35% growth compared to the previous year. This remarkable achievement propelled the country to eighth place globally in the Foreign Direct Investment Confidence Index for 2024, a significant leap from its eighteenth-place ranking in 2023.
For Al Musharrakh, these figures paint a vivid picture of the "dream of the union" – a dream fueled by "the intentions of the leader and the people" unified in a pursuit of unwavering progress.
"What we see today in the flow of investments and the increase day after day is a true translation of that dream," he stated.
2024-11-30 19:23:00
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## UAE’s Soaring Investment climate: A Dream of Unity Turned Reality
**Dubai,UAE** – united Arab Emirates (UAE) celebrated its 53rd Union Day on December 2nd, marking not just national unity,but also an economic boom that has positioned the nation as a global investment magnet. This success story, driven by visionary leadership and strategic policies, has resulted in a surge of foreign direct investment (FDI), propelling the UAE too eighth place globally in the Foreign Direct Investment Confidence Index for 2024.
To delve deeper into this remarkable achievement, we sat down with **Mohammed Juma Al Musharrakh**, Executive Director of the Sharjah Foreign Direct Investment Office ”invest in Sharjah.” A seasoned expert in international investment trends, Al Musharrakh provides valuable insights into the factors driving the UAE’s economic ascent and its implications for the future.
### **The Vision Behind the Boom**
**WTN:** The UAE has witnessed a remarkable 35% growth in FDI in 2023. What are the key factors behind this impressive performance?
**Mohammed Juma Al Musharrakh:** This success is a direct result of the UAE’s visionary leadership.The focus on diversifying the economy, developing vital sectors, and fostering strong economic and trade ties globally have created a highly attractive environment for investors.
The UAE offers a unique blend of innovation and stability. Our progressive economic policies and forward-thinking legislation provide a solid foundation for businesses to thrive. Investors recognize this, and we are seeing the results reflected in the growing FDI figures.
**WTN:** The UAE’s ranking in the foreign Direct Investment Confidence index has jumped significantly. How has public and private sector collaboration contributed to this achievement?
**Mohammed Juma Al Musharrakh:** The UAE’s success is a testament to the strong partnership between the public and private sectors. The government provides a conducive regulatory environment and actively promotes investment opportunities, while the private sector drives innovation and entrepreneurship. This synergistic relationship is key to attracting investors and fostering sustainable economic growth.
### **Building a Sustainable Investment Ecosystem**
**WTN:** What specific initiatives are being undertaken to ensure that this investment momentum continues in the long term?
**Mohammed Juma Al musharrakh:** We are constantly striving to refine our investment ecosystem. We are focusing on developing world-class infrastructure, promoting digitalization, and nurturing a skilled workforce. The UAE is committed to providing investors with a seamless and rewarding experience.
**WTN:** How is the UAE attracting talent and expertise to support its economic growth?
**Mohammed Juma Al Musharrakh:**
The UAE’s commitment to creating a vibrant and inclusive society is a major draw for global talent. We offer visa reforms,world-class educational institutions,and a high quality of life. These initiatives attract skilled professionals from around the world, contributing to our economic diversification and growth.
### **A Lasting Legacy: The Dream of the Union**
**WTN:** How does this investment boom reflect the values and aspirations of the UAE’s founding fathers?
**Mohammed Juma Al musharrakh:** The remarkable progress we see today is truly a testament to the dream of the union – a dream envisioned by our founding fathers. Their vision was not only built on national unity but also on creating a nation that thrives on innovation and prosperity.
**”What we see today in the flow of investments and the increase day after day is a true translation of that dream.”**
The UAE’s success story is a beacon of hope for the region and beyond, demonstrating that with vision, determination, and a commitment to progress, anything is absolutely possible.
**Looking Ahead:**
The UAE’s commitment to diversification, innovation, and strategic partnerships positions it as a leading global investment destination. This trend is poised to continue, fueled by ongoing government initiatives and a vibrant business environment.As the UAE celebrates its Union Day, it also celebrates a resounding success story – a testament to the power of unity and unwavering ambition.
**Do you believe the UAE’s investment climate will continue to attract global attention in the coming years? Share yoru thoughts in the comments below.**
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