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economies around the world, in which it stated that foreign direct investment flows
around the world in 2023 recorded a decrease of 18% lower than 2022."

"The report added that despite this global decline, the UAE, in 2023, recorded the
second highest global increase in new foreign investment projects by 28% after the
United States, It maintained its investment attractiveness, international competitiveness,
and ability to attract business, ideas and talents. We go through the new year with
optimism, confidence and positivity. We thank everyone who bet and is still betting on
the UAE’s economy. We tell them that what is coming is greater Insha’Allah," wrote
Sheikh Mohammed.

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 global business community in the UAE's economy, policies, legislative
environment, and commitment to sustainable growth.

https://www.gulftoday.ae/business/2024/01/21/uae-recorded-second-highest-increase-in-number-of-
new-foreign-investment-projects-in-2023-unctad