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Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Overseas Commerce, mentioned that the UAE continues to reap the rewards of its visionary management’s forward-looking strategy via elevated international commerce and funding openness.
“That is mirrored within the document progress in international direct funding (FDI) inflows, which surged by 35% in 2023, regardless of the downward development in international funding flows, which declined by 2% throughout the identical yr. Moreover, the UAE jumped 5 locations in a single go to rank eleventh globally by way of its means to draw FDI, in accordance with the World Funding Report 2024 launched yesterday by the United Nations Convention on Commerce and Improvement (UNCTAD),” Al Zeyoudi mentioned.
“The figures within the report verify that the UAE is constant to maneuver in the proper route to strengthen its place as a most well-liked international vacation spot for international buyers searching for a growth-stimulating enterprise surroundings and a haven for bold entrepreneurs and artistic thinkers searching for to rework their concepts and aspirations into tangible actuality underneath the qualitative privileges supplied by the State via its world-class infrastructure, versatile laws and superior know-how, and its initiatives that stimulate enterprise in varied sectors and financial actions,” he added.
The minister cited on this regard the NextGenFDI initiative, the primary built-in bundle to facilitate firm formation and supply banking, visa and actual property providers in a streamlined method via a whole-of-government strategy.
He additionally pointed to the Complete Financial Partnership Agreements (CEPA) programme that the UAE has been implementing for the reason that finish of 2021, and underneath which the UAE has concluded agreements with nations of strategic funding and commerce significance on the map of the worldwide financial system, with the intention of stimulating commerce and funding flows between promising markets with a couple of quarter of the world’s inhabitants.”
He added: “The worth of international direct funding that the UAE was capable of entice in 2023, amounting to $30.7 billion, is equal to about 3 times that of its closest opponents within the Center East. And due to this fact the nation has been capable of keep its prime place as probably the most engaging nation for funding within the Arab world and regionally with a transparent superiority, the place it accounted for 45.4% of the whole FDI inflows to the Arab nations amounting to $67.6 billion, and 47.1% of the whole inflows to West Asia amounting to $65.2 billion, and in addition about 38.6% of the whole international direct funding inflows to the Center East and North Africa area amounting to $79.5 billion in 2023.”
Al Zeyoudi identified that the UNCTAD knowledge on FDI inflows and outflows confirms that the UAE continues to make regular and assured progress on the trail in direction of financial diversification and sustainable progress.
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