H.H. Sheikh Hamdan reviews efforts to boost UAE’s status as investment hub

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has called for enhanced national efforts to strengthen the UAE's position as a premier global investment hub and a top destination for entrepreneurs.

During a meeting with Minister of Investment Mohamed Hassan Alsuwaidi, Sheikh Hamdan emphasized the importance of achieving the objectives of the 'We the UAE 2031' vision, which aims to position the nation at the forefront of the global economy.

The meeting, attended by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, focused on initiatives to enhance the UAE's competitiveness for investors and international companies.

Sheikh Hamdan received updates on the Ministry’s efforts to promote foreign direct investment in key sectors essential to the UAE's global standing.

He also highlighted the need to invest in Emirati talent, advancing their skills to contribute to growth and economic diversification.

Sheikh Hamdan noted that cooperation between government entities and investors is crucial for unlocking new pathways for sustainable growth, aligning with the leadership’s vision of making the UAE a top global trade and investment hub.

He also called for flexible policies that support growth and build investor confidence, alongside advanced infrastructure and an enabling legislative framework.

The UAE’s strategic efforts to boost investment have yielded impressive results, as highlighted by UNCTAD's Global FDI Report 2024.

The report shows that inward foreign direct investment in the UAE reached $30.68 billion in 2023, marking a 35 per cent increase from 2022, and securing the UAE's position as the second-largest recipient of FDI globally.

. @HamdanMohammed calls for accelerating national efforts to strengthen the UAE’s position as global investment hub. https://t.co/lDzIBbMKmM pic.twitter.com/csWzJtXvqh

— Dubai Media Office (@DXBMediaOffice) October 24, 2024