UAE solidifies its position as a leading investment destination

Sharjah 24 – WAM: The UAE has strengthened its status as one of the world’s most preferred destinations for foreign direct investment (FDI), attracting significant capital inflows that have enhanced its cumulative balance.

New economic licenses and business growth

In 2024, the UAE issued 200,000 new economic licenses across various sectors, with more than 1.1 million companies and institutions operating in its markets.

$16 billion in FDI inflows in 2023

According to the Ministry of Investment, total new and announced capital inflows from foundational FDI in 2023 reached $16 billion, showcasing the UAE's continued appeal to international investors.

Legislative support for growth

Abdullah bin Touq Al Marri, Minister of Economy, highlighted the UAE's commitment to providing a competitive legislative environment. The country has issued over 30 laws and regulations in the past four years to support various sectors, including family businesses and e-commerce.

Key sectors driving investment growth

Business services, software, IT services, and sectors like financial services, industrial equipment, and transportation have driven FDI growth, contributing to job creation and increased capital inflows.

Emerging sectors and future growth

The UAE’s focus on emerging sectors such as renewable energy, electric vehicles, and cloud computing has created new opportunities and contributed significantly to the country's economic expansion.

FDI growth reflects sustainable development

The UAE's diversified economy and business-friendly environment have solidified its position as a leading investment hub, with FDI inflows growing by 35% to AED 112.6 billion in 2023, according to UNCTAD's 2024 World Investment Report.