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6/28/24, 3:42 PM His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade Statement on the UNCTAD FDI Report 2024 - M…
His Excellency Dr. Thani bin Ahmed Al

Zeyoudi, Minister of State for Foreign

Trade Statement on the UNCTAD FDI

Report 2024

June 21, 2024 15

“The UAE continues to reap the rewards of opening our economy to the world. In 2023, we

attracted a total of US$30.7 billion, a world-leading increase of 35 percent over 2022 – and a
sharp contrast to the 2 percent global decline in investment flows. These figures, which were

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revealed in a new report by UNCTAD, have enabled the UAE to advance five places to 11 in
the global rankings for FDI attraction while confirming our number one position in the Arab

World, accounting for 45.4 percent of the total FDI inflows into the region.

“This is no accident. The UAE continues to take confident steps in pursuit of economic
diversification and long-term, sustainable growth, which includes the ongoing development of
our business ecosystem, our laws and regulations, and our global trade network to ensure we

are a foremost destination for overseas investors and entrepreneurs. Embodying these
ambitions is the NextGen FDI initiative, which was launched in 2022 to attract pioneering

companies in future-focused industries from across the world, and has succeeded in welcoming
enterprises specializing in robotics, agri-tech, hybrid aviation and concentrated solar power.

“In addition, our Comprehensive Economic Partnership Agreements program, which we

launched in 2021 as a pillar of our efforts to increase our non-oil foreign trade to AED4 trillion
by 2031, has delivered preferential market access to a quarter of the world’s population for
UAE-based exporters, and consolidated the UAE’s status as a global trade hub.

“Importantly, the UNCTAD figures aren’t just about FDI attraction. They confirm that we are

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also the 16 -largest source of outbound investment globally, and the largest in the Arab World.

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