The UAE Cabinet has approved the National Investment Strategy 2031, setting the goal of attracting $65.4bn in annual FDI by 2031, nearly doubling the current inflows of $30.5bn in 2023. It also aims to boost the country’s total FDI stock to $0.6tr in the next few years.
The initiative is part of the UAE’s broader efforts to position itself as a leading global investment hub, identifying five priority sectors to target for new FDI: Industry, financial services, transport and logistics, renewable energy and water, and telecommunications and IT.
The strategy includes 12 new programs and 30 initiatives, including the Financial Sector Development Program, the One-Market Program, and the InvestUAE initiative, all designed to attract and support foreign investors.
The ambitious targets reflect the country’s commitment to becoming a central player in the global investment landscape.
Gulf Economist Staff Writer