UAE Launches National Investment Strategy 2031

The United Arab Emirates has unveiled the National Investment Strategy 2031 at the UAE Government Annual Meetings 2024 in Abu Dhabi. The new foreign direct investment (FDI) strategy aims to significantly boost FDI by 2031. Over 500 officials from the UAE government, local entities, private sector, and community organisations are participating in the annual meetings, which will conclude on Wednesday. 

Targeting key sectors like advanced manufacturing and renewable energy, the strategy seeks to double cumulative FDI to AED1.3 trillion and triple the cumulative FDI balance to AED2.2 trillion by 2031. According to the Dubai Media Office report, this will be achieved through five strategic directions, including attracting new investments in priority sectors, expanding FDI in existing projects, strengthening international partnerships, enhancing investor relations, and boosting the UAE's overall competitiveness.

“Clear goals lead to great achievements. The UAE’s remarkable surge of 35% in foreign direct investment inflows to AED112.6 billion in 2023, despite a global decline, affirms the success of our strategies and the high level of international confidence in our nation,” said Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE. In 2023, the country saw FDI inflows surge to approximately AED112.6 billion, a striking 35% increase from AED83.5 billion in 2022. Notably, the UAE advanced five positions to rank 11th globally in FDI attraction, according to the UNCTAD report.