Page 361 - MOE ENGLISH PR REPORT - JANUARY 2024

year 2023, explaining that the number of these projects increased by 28 percent
compared to 2022.

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.

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.msn.com/en-ae/news/other/uae-recorded-second-highest-increase-in-number-of-new-
foreign-investment-projects-in-2023-unctad/ar-BB1h1zoV