According to Amac News, based on the data from the UAE Ministry of Investment, total new and announced foreign direct investment (FDI) inflows reached $16 billion in 2023, reflecting the UAE’s status as a preferred destination for international investors.
Abdullah bin Tawq Al Marri, Minister of Economy, said the country is committed to providing a competitive regulatory environment for new economic sectors. In the past six years, the country has issued more than nine key economic laws to expand businesses and projects in new economic sectors.
He also added that in the past four years, the UAE has issued more than 30 laws, regulations and economic policies, including new laws for family businesses, e-commerce, cooperatives, consumer protection, commercial transactions, trademarks, copyright and related rights.
The main sectors driving the growth of capital investment in the UAE include business services, software and IT services, which have created many job opportunities and attracted significant capital inflows.
Sectors such as financial services, industrial equipment, transport and warehousing have also played a significant role in the growth of capital investment, leading to a 7.5% increase in total jobs created, a 31% increase in announced projects and a 37% increase in capital foreign direct investment inflows.
Emerging sectors including renewable energy, electric vehicles and cloud computing have also contributed significantly to the UAE’s economic growth and have created significant investment opportunities.
The UAE’s economic diversification has allowed it to maintain its position as a top investment destination in the Arab world and the region. This is evident in the impressive growth in FDI inflows, which reached AED 112.6 billion in 2023, an increase of 35 percent, according to UNCTAD in its World Investment Report 2024.