Page 310 - MOE ENGLISH PR REPORT - JUNE 2024

“This is reflected in the record growth in foreign direct investment (FDI)

inflows, which surged by 35 per cent in 2023, despite the downward trend in

global investment flows, which declined by 2 per cent during the same year.
Additionally, the UAE jumped five places to rank 11th globally in terms of its

ability to attract FDI, according to the World Investment Report 2024 released

yesterday by the United Nations Conference on Trade and Development

(UNCTAD),” Al Zeyoudi said.

“The figures in the report confirm that the UAE is continuing to move in the

right direction to strengthen its position as a preferred global destination for

foreign investors seeking a 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.

https://gulfnews.com/business/economy/uae-reaps-rewards-of-visionary-leaderships-forward-
thinking-approach-al-zeyoudi-1.1718997495961