UAE's Visionary Leadership Fuels Record FDI Growth: Al Zeyoudi

 




Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade avers on how UAE is currently reaping the rewards of their diligent leadership by recording an impressive 35% increase in foreign direct investment (FDI) inflows this year. Considering the situation whereby world investment rates fell by 2% during this precise year, such an increase in UAE comes as unexpectedly significant. Due to the CEPA named after comprehensive economic partnership agreement, along with several MoU's signed altogether, UAE have primarily developed her international FDI appeal to now stand at position 11 globally based on UNCTAD's 2024 World Investment Report. Focusing on innovation and creating strategic clusters has made UAE make an enabling environment that lures top-notch companies and promotes economic development.


To further underscore its visionary strategy, the UAE has set out a challenging target of increasing non-oil foreign trade to more than Dh4 trillion by 2031. In this regards, it is evident that through strong Government to Government (G2G) relationships along with the creation of free trade agreements, UAE’s embossed its status as a world investment destination. The UAE’s commitment to widening its economic horizons and making partnerships that benefit both sides is seen in newer CEPAs with nations such as India, Indonesia, Turkey, and Israel. This all-inclusive tactic ultimately helps expand the UAE's economic diversification endeavors and at the same time cements its image as a country that attracts investors from all over the world looking for a vibrant and forward-moving business environment.


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