UAE’s Big Success: Foreign Investments Grow by 35% in 2023, Says Minister Thani bin Ahmed Al Zeyoudi
Abu Dhabi [UAE], June 22: Thani bin Ahmed Al Zeyoudi, the UAE’s Minister of State for Foreign Trade, announced that the UAE is seeing great success thanks to its smart leadership. The country has become more open to global trade and investments.
Al Zeyoudi shared that foreign direct investment (FDI) in the UAE grew by 35% in 2023, even though global investments went down by 2% that year. The UAE also moved up five places to rank 11th in the world for attracting FDI, according to the World Investment Report 2024 by the United Nations Conference on Trade and Development (UNCTAD).
He explained that the UAE is becoming a top choice for foreign investors because of its excellent infrastructure, flexible laws, and advanced technology. The country also has initiatives like the NextGenFDI, which helps companies with banking, visas, and real estate services. Another program, the Comprehensive Economic Partnership Agreements (CEPA), started in 2021 and aims to boost trade and investment with important global markets.
In 2023, the UAE attracted USD 30.7 billion in FDI, which is three times more than its closest competitors in the Middle East. The UAE accounted for 45.4% of the total FDI in Arab countries, 47.1% in West Asia, and 38.6% in the Middle East and North Africa region.
Al Zeyoudi highlighted that the UNCTAD data shows the UAE is making steady progress in economic diversification and sustainable growth.
