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The UAE’s investment landscape is on the rise, with the country ranking second globally in new foreign direct investment (FDI) projects in 2023. According to the United Nations Conference on Trade and Development (UNCTAD) report, the UAE attracted a significant Dh112 billion in FDI flows last year, despite a global decline in foreign direct investments.

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE, and Ruler of Dubai, took to social media to highlight the country’s achievement. He emphasized the UAE’s commitment to creating the best investment environment in the world, stating, “Whoever bets on us, we will bet on them.”

The UNCTAD report noted that global FDI fell by 2% to $1.3 trillion in 2023, amidst a global economic slowdown and rising geopolitical tensions. However, the UAE bucked this trend, achieving a 35% jump in FDI flows last year.

The country’s investment-friendly environment, strategic location, and business-friendly policies have made it an attractive destination for foreign investors. The UAE ranks 11th globally in terms of foreign investments, on course to meet the government’s target by 2030.

The UNCTAD report called on countries to promote investment by creating a transparent and streamlined environment through business facilitation and digital government tools. It also urged institutional investors to boost FDI flows to infrastructure projects, especially in developing countries, to support long-term economic growth and stability.

As the UAE continues to attract global investments, it’s clear that the country is a prime destination for businesses looking to expand their operations. With its business-friendly environment and strategic location, the UAE is well-positioned to continue driving economic growth and stability in the region.