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growth-stimulating business environment and a haven for ambitious entrepreneurs and
creative thinkers seeking to transform their ideas and aspirations into tangible reality under
the qualitative privileges provided by the State through its world-class infrastructure, flexible
legislation and advanced technology, and its initiatives that stimulate business in various
sectors and economic activities,” he added.

The minister cited in this regard the NextGenFDI initiative, the first integrated package to
facilitate company formation and offer banking, visa and real estate services in a streamlined
manner through a whole-of-government approach.

He also pointed to the Comprehensive Economic Partnership Agreements (CEPA)
programme that the UAE has been implementing since the end of 2021, and under which the
UAE has concluded agreements with countries of strategic investment and trade importance
on the map of the global economy, with the aim of stimulating trade and investment flows
between promising markets with about a quarter of the world's population."

He added: “The value of foreign direct investment that the UAE was able to attract in 2023,
amounting to $30.7 billion, is equivalent to about three times that of its closest competitors in
the Middle East. And therefore the country has been able to maintain its top position as the
most attractive country for investment in the Arab world and regionally with a clear superiority,
where it accounted for 45.4% of the total FDI inflows to the Arab countries amounting to
$67.6 billion, and 47.1% of the total inflows to West Asia amounting to $65.2 billion, and also
about 38.6% of the total foreign direct investment inflows to the Middle East and North Africa
region amounting to $79.5 billion in 2023.”

Al Zeyoudi pointed out that the UNCTAD data on FDI inflows and outflows confirms that the
UAE continues to make steady and confident progress on the path towards economic
diversification and sustainable growth.

https://www.wam.ae/en/article/b3rzrbx-uae-reaping-fruits-visionary-leaderships