Page 349 - MOE ENGLISH PR REPORT - JANUARY 2024

1/25/24, 4:50 PM UAE posts second-highest growth in new foreign investment projects in 2023: UNCTAD
The report stated that the UAE recorded the second-highest increase in the number of
new foreign investment projects around the world after the US, which came in first place.

The report, entitled“ Investment Trends Monitor” confirmed that the UAE has continued to

maintain its global attractiveness in attracting foreign direct investment flows, despite the
decline of these flows in many regions of the world.

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Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, emphasised that the
UAE is benefiting from the forward-looking vision of its leadership by enhancing

investment and trade openness globally. The country is also focused on improving the
business environment to attract foreign direct investment, entrepreneurs, international

talents, and creative individuals seeking an environment supportive of innovation and
sustainable economic growth.

He noted that the UAE's record foreign direct investment projects, as highlighted in the

UNCTAD report, demonstrate the country's growing stature as a global business hub,
attracting creative ideas and investments from around the world. Al Zeyoudi also

emphasised that these numbers signify the remarkable recovery of the national economy,

surpassing global benchmarks in economic growth, non-oil foreign trade, and the
attraction of foreign direct investment. This underscores the increasing confidence of the

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