H.H. Sheikh Mohammed applauds UAE's remarkable FDI growth

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, has praised the UAE for securing the fourth position in attracting FDI projects in the World Investment Report 2023.

The report from the United Nations Trade and Development Organization (UNCTAD) showed how the UAE secured 997 new projects in 2022, showing 80 per cent year-on-year growth. 

It showed that the country achieved remarkable strides in attracting Foreign Direct Investment (FDI) projects with capital inflows touching AED 84 billion in 2022.

Taking to his official Twitter handle, Sheikh Mohammed, who also holds the position of Vice President and Prime Minister of the UAE, highlighted how the country’s economy continues to grow despite a "global decline of 12 per cent in FDI around the world".

The report places the US, Britain and India among the top three. 

Sheikh Mohammed thanked the efforts of those who worked tirelessly to make the "UAE the best global investment centre" and expressed confidence at breaking several records in the future.  

ضمن نتائج تقرير الاستثمار العالمي 2023 الذي تطلقه منظمة الأمم المتحدة للتجارة والتنمية (الأونكتاد)... حققت دولة الإمارات في 2022 أعلى رقم في تاريخها لتدفقات الاستثمار الأجنبي المباشر بقيمة 84 مليار درهم (23 مليار دولار) رغم الانخفاض العالمي بنسبة 12% في حركة الاستثمارات الأجنبية…

— HH Sheikh Mohammed (@HHShkMohd) July 5, 2023

It comes just days after the UAE announced the establishment of an investment ministry to help develop the country's investment strategy and enhance the competitiveness of related policies and procedures.