Share
Home Economy UAE attracts over $45 billion in FDI in 2024, aims for $354 billion in six years: Sheikh Mohammed

UAE attracts over $45 billion in FDI in 2024, aims for $354 billion in six years: Sheikh Mohammed

The UAE ranked second only to the U.S. in the number of new FDI projects launched last year
UAE attracts over $45 billion in FDI in 2024, aims for $354 billion in six years: Sheikh Mohammed
Sheikh Mohammed bin Rashid Al Maktoum announced the milestone achievement on his official X account.

In a notable international vote of confidence in the strength and resilience of the UAE’s economy, foreign direct investment (FDI) flows into the country surged to AED167 billion ($45.5 billion) last year, reflecting a remarkable 48 percent increase compared to the previous year, according to the latest report by the United Nations Conference on Trade and Development (UNCTAD).

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced this milestone achievement on his official X account.

“The UAE accounted for 37 percent of total FDI flows into the region, meaning that for every $100 of foreign investment entering the region, $37 was directed to the UAE. This underscores the country’s growing appeal as a global hub for business, innovation, and investment. Globally, the UAE ranked second only to the United States in the number of new FDI projects launched last year, cementing its position as a top-tier destination for international capital,” Sheikh Mohammed said.

Read more: UAE attracts $16 billion in greenfield FDI capital inflows in 2023

“The UAE has set an ambitious target of attracting AED1.3 trillion in FDI over the next six years. We have a clear development agenda set forth by President His Highness Sheikh Mohammed bin Zayed Al Nahyan, and driven by a unified, dedicated team aligned with his directives. Our people are united around their leadership—and this is the key to our success. Our message to the world is clear: development is the key to stability, and the economy is the most important policy,” the Vice President emphasized.

The stories on our website are intended for informational purposes only. Those with finance, investment, tax or legal content are not to be taken as financial advice or recommendation. Refer to our full disclaimer policy here.