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6/28/24, 3:42 PM UAE reaping fruits of visionary leadership's forward-looking approach: Al Zeyoudi - Eye of Riyadh

UAE reaping fruits of visionary leadership's forward-looking approach: Al

Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE continues to reap the rewards of its
visionary leadership's forward-looking approach through increased global trade and investment openness.

“This is reflected in the record growth in foreign direct investment (FDI) inflows, which surged by 35% in 2023, despite the
downward trend in global investment flows, which declined by 2% during the same year. Additionally, the UAE jumped five
places in one go 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.

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