Abu Dhabi [UAE] Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, said that the UAE continues to reap the fruits of the progressive approach of its visionary leadership through greater global openness of trade and investment.
"This is reflected in the record growth of foreign direct investment (FDI) inflows, which increased by 35 percent in 2023, despite the downward trend in global investment flows, which decreased by 2 percent during In the same year, the UAE jumped five places in one go to rank 11th globally in terms of its ability to attract FDI, according to the World Investment Report 2024 released yesterday by the Conference of Nations. on Trade and Development (UNCTAD)," said Al Zeyoudi.
"The report's figures confirm that the UAE continues to move in the right direction to strengthen its position as a preferred global destination for foreign investors seeking a business environment that stimulates growth and a haven for ambitious entrepreneurs and creative thinkers seeking to transform their ideas. and aspirations into tangible reality under the qualitative privileges provided by the State through its world-class infrastructure, flexible legislation and advanced technology, and its initiatives that stimulate business in various sectors and economic activities," he added.
The minister cited in this regard the NextGenFDI initiative, the first integrated package to facilitate business formation and offer banking, visa and real estate services in a simplified manner through a whole-of-government approach.
He also noted the Comprehensive Economic Partnership Agreements (CEPA) program that the UAE has been implementing since the end of 2021, and under which the UAE has entered into agreements with countries of strategic importance in investment and trade on the map of the global economy, to "Stimulate trade and investment flows between promising markets with approximately a quarter of the world's population."
He added: "The value of foreign direct investment that the UAE was able to attract in 2023, which amounted to $30.7 billion, is equivalent to approximately three times that of its closest competitors in the Middle East. And therefore, The country has been able to maintain its first position as the most attractive country for investment in the Arab world and at the regional level with clear superiority, where it represented 45.4 percent of total FDI inflows to Arab countries, which amounted to 67.6 billion dollars, and 47.1 percent of the total inflows to West Asia amounted to 65.2 billion dollars, and also about 38.6 percent of the total foreign direct investment inflows to the Middle East region and North Africa, which amounted to $79.5 billion in 2023."
Al Zeyoudi noted that UNCTAD data on FDI inflows and outflows confirms that the UAE continues to move steadily and confidently on the path towards economic diversification and sustainable growth.
"This is reflected in the record growth of foreign direct investment (FDI) inflows, which increased by 35 percent in 2023, despite the downward trend in global investment flows, which decreased by 2 percent during In the same year, the UAE jumped five places in one go to rank 11th globally in terms of its ability to attract FDI, according to the World Investment Report 2024 released yesterday by the Conference of Nations. on Trade and Development (UNCTAD)," said Al Zeyoudi.
"The report's figures confirm that the UAE continues to move in the right direction to strengthen its position as a preferred global destination for foreign investors seeking a business environment that stimulates growth and a haven for ambitious entrepreneurs and creative thinkers seeking to transform their ideas. and aspirations into tangible reality under the qualitative privileges provided by the State through its world-class infrastructure, flexible legislation and advanced technology, and its initiatives that stimulate business in various sectors and economic activities," he added.
The minister cited in this regard the NextGenFDI initiative, the first integrated package to facilitate business formation and offer banking, visa and real estate services in a simplified manner through a whole-of-government approach.
He also noted the Comprehensive Economic Partnership Agreements (CEPA) program that the UAE has been implementing since the end of 2021, and under which the UAE has entered into agreements with countries of strategic importance in investment and trade on the map of the global economy, to "Stimulate trade and investment flows between promising markets with approximately a quarter of the world's population."
He added: "The value of foreign direct investment that the UAE was able to attract in 2023, which amounted to $30.7 billion, is equivalent to approximately three times that of its closest competitors in the Middle East. And therefore, The country has been able to maintain its first position as the most attractive country for investment in the Arab world and at the regional level with clear superiority, where it represented 45.4 percent of total FDI inflows to Arab countries, which amounted to 67.6 billion dollars, and 47.1 percent of the total inflows to West Asia amounted to 65.2 billion dollars, and also about 38.6 percent of the total foreign direct investment inflows to the Middle East region and North Africa, which amounted to $79.5 billion in 2023."
Al Zeyoudi noted that UNCTAD data on FDI inflows and outflows confirms that the UAE continues to move steadily and confidently on the path towards economic diversification and sustainable growth.
