The UAE has emerged as a global hub for investment opportunities and a key player in the global economy. In 2023, the country saw a 35% increase in foreign direct investment flows, reaching 112.6 billion dirhams, making it the second-largest recipient of new foreign direct investment projects globally after the United States, with 1,323 new projects registered.
The UAE’s economic diversification and conducive environment for sustainable growth have made it an attractive destination for investment in the Arab world and regionally. The country’s flexible and competitive capabilities and policies have enabled it to remain a top destination for establishing businesses and innovative projects, especially in emerging sectors like technology, artificial intelligence, and healthcare.
The UAE’s strategic location at the crossroads of major trade routes between Europe, Asia, Africa, and the Middle East makes it an ideal location for businesses looking to expand their reach into these markets. The country’s proactive government vision has led to advanced legislation such as amendments to the Commercial Companies Law allowing foreign investors to own companies fully, which has significantly increased new companies operating in the Emirates.
The UAE is committed to achieving its vision of becoming a global leader in economic performance and competitiveness by doubling its GDP to 3 trillion dirhams by 2031. Its commitment to excellence contributes to its attractiveness to investors and entrepreneurs worldwide. The country continues to collaborate across government and private sectors to achieve this goal while also increasing non-oil foreign trade in goods to 4 trillion dirhams.