Mohammed bin Rashid attends unveiling of National Investment Strategy 2031

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, successful the beingness of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, attended the unveiling of the National Investment Strategy 2031 astatine the UAE Government Annual Meetings 2024 successful Abu Dhabi.

Convening connected 5th and 6th November, the Annual Meetings bring unneurotic implicit 500 officials from the UAE government, section entities, backstage sector, and assemblage organisations.

His Highness Sheikh Mohammed remarked, “Clear goals pb to large achievements. The UAE’s singular surge of 35 percent successful overseas nonstop concern inflows to AED112.6 cardinal successful 2023, contempt a planetary decline, affirms the occurrence of our strategies and the precocious level of planetary assurance successful our nation.”

His Highness Sheikh Mohammed noted, "The National Investment Strategy 2031 builds connected achievements driven by cautiously crafted plans, programmes, and initiatives aimed astatine positioning the UAE arsenic a planetary strategical concern hub.

His Highness Sheikh Mohammed emphasised, "The UAE possesses beardown fundamentals to pull investments, companies, businesses, and talent. Our nonsubjective is to treble cumulative overseas nonstop concern inflows to AED1.3 cardinal by 2031."

The motorboat of the National Investment Strategy 2031 was attended by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum; Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence; H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance; H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council; H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah; H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman; H.H. Sheikh Rashid bin Saud bin Rashid Al Mua’lla, Crown Prince of Umm Al Quwain; H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah; H.H. Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah and H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority, alongside ministers and officials.

During the session, His Highness Sheikh Mohammed bin Rashid attended a presumption by Mohamed bin Hassan Al Suwaidi, Minister of Investment, connected the goals, programmes, and cardinal initiatives of the National Investment Strategy 2031.

Al Suwaidi highlighted the UAE's awesome FDI maturation since 2015, with its stock of planetary flows expanding 5.5 times and inflows rising 17.3 percent contempt a planetary diminution of 5.3 percent. The strategy, aligned with the "We the UAE 2031" vision, aims to found the UAE arsenic a planetary concern hub by starring successful emerging sectors, attracting apical talent, and fostering Emirati leadership, innovation, and entrepreneurship.

The UAE's caller overseas nonstop concern (FDI) strategy aims to importantly boost FDI by 2031. Targeting cardinal sectors similar precocious manufacturing and renewable energy, the strategy seeks to treble cumulative FDI to AED1.3 trillion (30 percent of nationalist concern volume) and triple the cumulative FDI equilibrium to AED2.2 trillion by 2031. This volition beryllium achieved done 5 strategical directions: attracting caller investments successful precedence sectors, expanding FDI successful existing projects, strengthening planetary partnerships, enhancing capitalist relations, and boosting the UAE's wide competitiveness.

During the session, Al Suwaidi outlined the cardinal targets and programmes nether the National Investment Strategy 2031 and highlighted the UAE's caller accomplishments. In 2023, the UAE ranked 2nd globally aft the United States successful the fig of caller overseas nonstop concern (FDI) projects, with 1,323 caller projects—a 33 percent summation from 2022.

In 2023, the UAE saw FDI inflows surge to astir AED112.6 billion, a striking 35 percent summation from AED83.5 cardinal successful 2022. The state precocious 5 positions to fertile 11th globally successful FDI attraction, according to the UNCTAD report.

In presumption of cumulative FDI balance, Al Suwaidi noted that the UAE has importantly outpaced planetary maturation rates implicit the past decade. From 2013 to 2023, the UAE’s FDI equilibrium accrued by 150 percent, acold exceeding the planetary mean maturation complaint of 97 percent.

The UAE's attractiveness for overseas concern is driven by its economical competitiveness, technological leadership, endowment acquisition, planetary commercialized hub presumption (supported by galore treaties and agreements), precocious fiscal centres, world-class infrastructure, and precocious prime of life.

The National Investment Strategy 2031 builds connected these strengths, leveraging each emirate's unsocial advantages to foster backstage assemblage maturation and innovation. By integrating planetary trends and prioritising probe and development, the strategy aims to make a vibrant, investor-driven, private-sector-led economy.

Al Suwaidi addressed planetary concern challenges, including geopolitical tensions, shifting concern hubs, and accrued contention for attracting investments. He besides highlighted palmy planetary concern attraction strategies. While acknowledging the UAE's past occurrence successful attracting FDI, Al Suwaidi emphasised the request to further heighten the nation's attractiveness and competitiveness to unlock its afloat potential. The absorption volition beryllium connected leveraging FDI to conscionable nationalist concern needs, promote repetition investments, and clasp cardinal investors.

The league launched the InvestUAE marque to enactment arsenic a unified level for promoting the UAE arsenic a planetary concern hub. While the Ministry of Investment handles argumentation and regulation, InvestUAE volition pb promotional efforts, including consciousness campaigns, summits, planetary events, and integer selling targeting planetary investors. This aims to fortify the UAE's planetary presence, forge partnerships, and thrust sustainable economical maturation and diversification.

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