UAE Approves National Investment for Six Years

Focusing on transforming the UAE into a leading global strategic investment hub, the UAE government on Monday has approved its National Investment Strategy for the next six years with an aim to increase annual foreign investment inflows from $30.49 billion in 2023 to $65.35 billion by 2031.

The government also plans to increase the Emirates’ total foreign investment stock from $217.82 billion to $600 billion over the coming years.

This strategy will also focus on key sectors, including industry, logistics, financial services, renewable energy, and information technology. The UAE continues to develop its economy, expand global markets, attract investments, and create the most business-friendly environment in the world.

The Cabinet meeting, which was chaired by H H Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, also reviewed the progress of the UAE’s strategic partnerships with African nations, where 95% of previously approved initiatives have been successfully implemented.

H H Sheikh Mohammed said that their total trade volume with Sub-Saharan Africa has grown from $34.5 billion in 2019 to $63.98 billion over five years—an 87% increase. The UAE will continue to build new economic bridges across the world and reinforce its role as a global trade hub, connecting markets worldwide, he said.

“We also reviewed the National Digital Economy Strategy, which aims to increase the digital economy’s contribution to GDP from 9.7% to 19.4%. We remain committed to strengthening the UAE’s position in the global digital economy through ambitious national initiatives and projects over the next six years,” he said.

He also said that the Cabinet has approved a series of new decisions aimed at enhancing the social support and empowerment system. These decisions set clear eligibility criteria and establish comprehensive regulations for both basic and supplementary allowances, ensuring a more structured and effective support framework.

“The annual budget for social support programmes has increased by 29%, reaching nearly $950 million, while the number of beneficiaries has risen by 37%—expanding support to a wider segment of society. Additionally, 3,200 beneficiaries have been successfully integrated into the workforce, transforming from recipients of financial aid into active contributors to the nation’s progress,” he added.

Nod for 28 Global Deals

The Cabinet also approved 28 international agreements, including economic partnership agreements with Malaysia, New Zealand, and Kenya, as well as security, logistics, and government cooperation agreements with several nations.

The Cabinet reviewed during the meeting the progress of the UAE’s strategic partnerships with African countries, where 95% of previously approved initiatives have been successfully implemented. Besides, the total trade volume with Sub-Saharan Africa has grown from $34.58 billion in 2019 to $63.98 billion over five years.