UAE Unveils New Strategy To Triple FDI To AED2.2 Trillion By 2031

Alifiya H Ujjainwala
Alifiya H Ujjainwala

The UAE government recently held its annual meeting in Abu Dhabi and the key highlight was the launch of the UAE Investment Strategy, which aims to triple foreign investment to AED2.2 trillion by 2031.

The meetings also recognized organizations using AI and honored intellectuals and creatives. Several agreements were signed, and government officials met to discuss future plans on how the top officials will together work towards a shared vision.

In a statement on X, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum said, “As part of the meetings, we honored a group of distinguished entities in the application of artificial intelligence in their entities and witnessed the honoring of a group of intellectuals and creatives in the country. The second day witnessed specialized sessions and the signing of agreements and various meetings between various governments in the Emirates.”

Sheikh Mohammed further said, “Clear goals lead to great achievements. The UAE’s remarkable surge of 35% in foreign direct investment inflows to Dh112.6 billion in 2023, despite a global decline, affirms the success of our strategies and the high level of international confidence in our nation,” reports Khaleej Times.

He then mentioned that the annual meetings bring together the 500 most important officials in the country, uniting them in the spirit – all bound by a love for their country.

“We are optimistic about the upcoming government year, which promises to be filled with hard work, significant achievements, and the realization of national goals,” said the Ruler of Dubai.