UAE Cabinet approves six-year National Investment Strategy

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The UAE cabinet has approved the country's National Investment Strategy for the next six years, aimed at significantly boosting foreign direct investment (FDI).

The plan was unveiled on Monday during a cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. 

Sheikh Mohammed said the strategy aims to increase annual FDI inflows from AED 112 billion in 2023 to AED 240 billion by 2031.

Additionally, the plan seeks to grow the FDI stock from AED 800 billion to AED 2.2 trillion, with a focus on key sectors such as industry, logistics, finance, renewable energy and IT.

The Cabinet approved a National Policy for Combating Health Risks, designed to establish national response scenarios, enhance preparedness, and develop recovery and control plans for health crises and emergencies.

The Executive Regulations for Organ and Human Tissue Donation and Transplantation was also approved, ensuring better access to life-saving treatments for individuals suffering from conditions that can only be addressed through organ transplants.

The UAE now has more than 13 licensed transplant centres, with a 30 per cent increase in transplant procedures.

The Cabinet also reviewed the UAE’s successful strategic partnerships with African nations, which have led to an 87 per cent increase in trade with Sub-Saharan Africa over five years.

Other significant announcements include the launch of the National Green Certificates Programme for sustainable buildings; and the Remote Work System from Outside the Country in the Federal Government, designed to leverage global talent and expertise outside the UAE to execute specialized job tasks and conduct studies relevant to government operations.

The Cabinet approved 28 international agreements, including economic partnerships with Malaysia, New Zealand and Kenya, plus security, logistics and governmental cooperation deals.

The National Digital Economy Strategy was also reviewed as the UAE targets an increase in the digital economy’s GDP contribution from 9.7 per cent to 19.4 per cent.

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