UAE posts 28% growth in foreign investment projects
DUBAI, January 21, 2024
The United Nations Conference on Trade and Development (UNCTAD) has announced that there was a noticeable increase of 28% in new foreign investment projects in the UAE during 2023 compared to the previous year.
The UNCTAD report, entitled“ Investment Trends Monitor” confirmed that the UAE has continued to maintain its global attractiveness in attracting foreign direct investment flows, despite the decline of these flows in many regions of the world.
Tthe UAE recorded the second-highest increase in the number of new foreign investment projects around the world after the US, which came in first place, it added.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said the country is focused on improving the business environment to attract foreign direct investment, entrepreneurs, international talents, and creative individuals seeking an environment supportive of innovation and sustainable economic growth.
The UAE's record foreign direct investment projects, as highlighted in the UNCTAD report, demonstrate the country's growing stature as a global business hub, attracting creative ideas and investments from around the world.
Al Zeyoudi also emphasised that these numbers signify the remarkable recovery of the national economy, surpassing global benchmarks in economic growth, non-oil foreign trade, and the attraction of foreign direct investment.
This underscores the increasing confidence of the global business community in the UAE's economy, policies, legislative environment, and commitment to sustainable growth, he added.-TradeArabia News Service
