Page 359 - MOE ENGLISH PR REPORT - JANUARY 2024

1/25/24, 4:52 PM UAE posts 28% growth in foreign investment projects
UAE posts 28% growth in

foreign investment
projects

DUBAI, 3 days ago
The United Nations Conference
on Trade and Development
(UNCTAD) has announced that
there was a noticeable increase of
28% in new foreign investment
projects in the UAE during 2023
compared to the previous year.

The UNCTAD 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.

Tthe 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, it added.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said the country is 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.

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, he added.-
TradeArabia News Service

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