UAE Cabinet approves national investment strategy for the next 6 years

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday said via the X platform: "Today, I presided over a Cabinet meeting at Qasr Al Watan in Abu Dhabi. At the meeting's commencement, the national investment strategy for the subsequent six years was approved. The objective of this strategy is to enhance the annual influx of foreign direct investment from Dhs112 billion in 2023 to Dhs240 billion by 2031."

His Highness went on to say, "We seek to increase the foreign investment stock in the country from Dhs800 billion to Dhs2.2 trillion over the next six years."

His Highness further said, "The strategy will focus on the sectors of industry, logistics, financial services, renewable energy and information technology."

Furthermore, His Highness stated that the UAE is committed to the continuous development of its economy, the expansion of global markets, the attraction of investments, and the establishment of a premier business environment.

His Highness continued, "Today in the Cabinet meeting, we have approved the remote work system from outside the country in the federal government. This will allow us to benefit from global competencies and expertise located outside the country when implementing projects, studies or specialised tasks in federal entities."