In a year marked by a global downturn in foreign direct investment (FDI), the United Arab Emirates (UAE) demonstrated remarkable resilience and appeal, achieving a notable 35% surge in FDI inflows, reaching an impressive Dh112 billion. This exceptional performance defied the prevailing global trend of declining FDI, which contracted by 2% in 2023, according to the UNCTAD World Investment Report 2024.
The UAE’s robust FDI growth propelled it to the forefront of the global investment landscape, securing the second position worldwide for attracting new FDI projects, trailing only the United States. This achievement underscores the nation’s growing prominence as a preferred destination for international investors seeking stable and lucrative opportunities.
The nation’s impressive performance aligns seamlessly with its ambitious vision for the future. The government has set a clear target of achieving a top 10 global ranking for foreign investments by 2030, and the current trajectory indicates that the UAE is well on course to realize this goal.
A key driver of this success has been the exceptional performance of the Dubai real estate market. Despite global economic headwinds, Dubai’s property sector has witnessed a remarkable resurgence, with transaction volumes and property prices reaching record highs. This surge is fueled by a combination of factors, including strong investor confidence, attractive pricing, and a favorable regulatory environment that encourages foreign investment in real estate.
The Dubai government’s proactive measures, such as the introduction of long-term visas and relaxed ownership regulations, have further enhanced the appeal of Dubai’s real estate market to international investors. This has led to a significant influx of capital from diverse sources, including high-net-worth individuals, institutional investors, and family offices.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, articulated the nation’s unwavering commitment to cultivating a world-leading investment environment. In response to the UNCTAD report, he emphasized the UAE’s reciprocal approach to investment, assuring international investors that the nation stands ready to support those who choose to invest in its dynamic and promising economy.
Published on: Jun 21, 2024
Source: https://www.khaleejtimes.com/uae/world-invests-in-uae-sheikh-mohammed-says-country-will-continue-to-create-best-investment-environ
