UAE to increase annual foreign investment inflows to Dh240 billion
The UAE plans to significantly expand its annual foreign investment inflows to more than double the current levels within the next six years. The new National Investment Strategy announced on Monday targets a rise in investment inflows from Dh112 billion in 2023 to Dh240 billion by 2031. The UAE’s total foreign investment stock will expand from Dh800 billion to Dh2.2 trillion in the coming years.
The strategy will concentrate on essential areas such as industry, logistics services, financial sectors, renewable energy, and information technology. Sheikh Mohammed bin Rashid, UAE Vice-President and Prime Minister, communicated after chairing a UAE Cabinet meeting that his nation builds its economy while expanding international markets and drawing investments to establish the world's most business-friendly environment.
The strategy comprises several projects such as financial sector development and one-market creation as well as institutional innovation attraction and ‘Invest UAE’ programmes.
Latest investment figures reveal that cumulative foreign direct investment stands at Dh0.8 trillion while annual foreign direct investment flows reach Dh 112 billion. The goal for 2031 is to expand foreign direct investment to represent more than 30 per cent of total investments while achieving a foreign direct investment contribution to GDP of 8 per cent.
The health risk strategy includes forming national response plans while boosting emergency readiness and creating recovery and management protocols for medical emergencies. The UAE Vice-President emphasized that maintaining continuous preparedness for health emergencies is crucial to improving health security and living standards in the UAE.
The new regulations will guarantee improved access to essential treatments for patients who require organ transplants to address their medical conditions. There are currently over 13 licensed transplant centers in the UAE which have seen transplant procedures rise by 30 percent. The UAE performs kidney, liver, heart, lung and pancreas transplants while working to advance its healthcare sector to deliver top-tier medical services to everyone.
The Cabinet gave approval to start the National Green Certificates Programme which will apply to buildings. The initial implementation stage of the classification system will not be mandatory and aims to assess and certify sustainable buildings. The classification system focuses on commercial buildings alongside hotels and hospitality facilities as well as industrial establishments government buildings houses communities and compounds.
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