The UAE attracted 45.4% of the total foreign direct investments (FDIs) flowing into Arab states, amounting to Dh248.3 billion in 2023. According to the World Investment Report 2024 by UN Trade and Development (UNCTAD), FDI inflows to the UAE increased by 35% to Dh112.6 billion in 2023.
“The UAE topped the list of countries in attracting FDIs, thanks to its enablers, flexible policies, and competitiveness that facilitate the establishment of diverse business activities and pioneering startup projects,” state news agency WAM reported on Monday.
Advanced investment legislation and incentives, including amendments to the Commercial Companies Law allowing full foreign ownership, established over 275,000 new companies within a year and a half, totalling over 788,000 companies by the end of 2023.
As part of the’ We the UAE 2031′ vision, the UAE aims to double its GDP to Dh3 trillion and increase foreign trade to Dh4 trillion by 2031. In 2023, the UAE ranked second globally after the US in greenfield FDI project announcements, with 1,323 new projects, a 33% increase from the previous year.
