Page 320 - MOE ENGLISH PR REPORT - JUNE 2024

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

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