UAE Unveils Whitepaper Highlighting its Position as a Global FDI Magnet

The Ministry of Investment has launched a comprehensive whitepaper titled ‘UAE Matures Into a Global FDI Magnet’, unveiled by Undersecretary Mohammad Alhawi during the World Economic Forum Annual Meeting in Davos, Switzerland.

The report underscores the UAE’s transformative journey toward becoming a global leader in foreign direct investment (FDI), backed by innovation, sustainability, and economic diversification.

The whitepaper highlights the UAE’s 2023 FDI inflow of $30.7 billion, marking a 35% year-on-year growth and ranking the country 11th globally by value. It also secured the 2nd position globally for greenfield projects, attracting significant investments from key markets like the United States ($3.8 billion), India ($3.3 billion), and the United Kingdom ($1.2 billion).

“This whitepaper demonstrates the immense potential of the UAE’s investment landscape,”

Alhawi noted.

“Our National Investment Strategy aims to increase FDI’s GDP contribution from 6% in 2023 to 8%, positioning the UAE among the top 10 global FDI destinations by 2031.”

Developed through stakeholder interviews and backed by extensive data, the report outlines the UAE’s focus on fostering a diversified, innovation-driven economy. Key sectors include renewable energy, technology, and manufacturing, bolstered by investor-friendly policies, strong trade agreements, and robust infrastructure.

Under the ‘We the UAE 2031’ vision, the nation is committed to creating a resilient and inclusive global economy.

“Through a fit-for-purpose platform, we are building an ecosystem that encourages business sustainability and economic growth,”

Alhawi stated, emphasizing the UAE’s leadership in global investment attraction.

The whitepaper serves as a roadmap for achieving these ambitious targets, reaffirming the UAE’s status as a premier destination for investors worldwide.

News Source: Emirates News Agency