The United Nations Conference on Trade and Development (UNCTAD) said the UAE registered a 28 percent increase in new foreign investment projects during the year 2023, compared to 2022, recording the second-highest increase in the number of such projects around the world.
The US recorded the highest increase in the number of foreign investment projects last year.
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, UNCTAD said in the report, entitled “Investment Trends Monitor”, released recently.
Reacting to the report, Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said the UAE is benefiting from the forward-looking vision of its leadership by enhancing investment and trade openness globally.
The country is also 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 minister said.
He noted that 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, the minister said.
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