Page 535 - MOE ENGLISH PR - MAY 2024

5/27/24, 5:04 PM Minister of Economy participates in SALT iConnections Forum to highlight UAE’s status as a prime hub for global partnerships | E…
industries, scientific and technical activities, transport,

storage, mining, etc.

In addition, H.E. reviewed the highlights of the UAE

economy, emphasizing that it is one of the region's most

diversified, competitive, and opportunity-generating

economies, especially in new and future sectors. Many

non-oil and fast-growing sectors today contribute to

supporting the national GDP, such as health care,

finance, hospitality, logistics, agricultural, financial

technology, and e-commerce. FDI also remains one of

the nation's most important growth drivers.

In 2022, the UAE achieved its highest FDI inflows at

$22.7 billion, up 10 percent from 2021, in a first in the

region. The country recorded the second highest

increase in the number of new FDI projects in 2023 at 28

percent and ranked first globally in the Global

Entrepreneurship Monitor Report 2024, maintaining its

prestigious global position in attracting investments and

entrepreneurial projects.

Bin Touq emphasised that the UAE is one of the most

attractive destinations for setting up and conducting

businesses today.

https://wam.ae/en/article/b3a4r1u-minister-economy-participates-salt-iconnections 5/7