At the meeting, attended by His Excellency Omar Sultan Al Olama, Minister of Artificial Intelligence, Digital Economy, and Remote Work Applications, they highlighted the UAE's commitment to strengthening its global leadership as an investment destination. During the session, they discussed recent events at the Ministry of Investments, focusing on key initiatives aimed at enhancing the country's competitiveness for investors, entrepreneurs, and international companies.
During the meeting, His Highness Sheikh Hamdan was also informed about the initiatives of the Ministry aimed at attracting direct foreign investments in key sectors essential for the UAE's global competitiveness. Sheikh Hamdan also emphasized the importance of utilizing innovations for sustainable development and strengthening the national economy.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Vice Prime Minister, Minister of Defence, and Chairman of the Dubai Executive Council, called for accelerating national efforts for further strengthening the UAE's status as a global investment hub and a leading destination for entrepreneurs and companies in future economy sectors.
At the meeting with His Excellency Mohammed bin Hasan Al Suwaidi, Minister of Investments of the UAE, Sheikh Hamdan confirmed the importance of implementing the directives and vision of leadership and achieving the goals outlined in "We are UAE 2031," aiming to position the country at the forefront of the global economy.
He highlighted the necessity to invest in the development of Emirati talent through enhancing their skills and capabilities, noting that the continuation of collaboration between government entities and investors is essential for opening new paths for sustainable growth and realizing the leadership vision of transforming the UAE into a leading global trading and investment hub.
Establishing a secure investment environment is key to increasing the presence of foreign investors and expanding their activities in the UAE. This includes promoting flexible and attractive policies that support growth and enhance investor confidence while ensuring a developed infrastructure and good legislative framework.
Strategic initiatives of the UAE for stimulating investments have already yielded impressive results, as indicated by the UNCTAD Global FDI Report 2024, showing that the total influx of direct foreign investments in 2023 in the UAE was $30.688 billion (AED 112.6 billion), compared to $22.737 billion (AED 83.5 billion) in 2022, representing an increase of nearly 35%, placing the country second in the world for the total influx of direct foreign investments in 2023.
