UAE to double FDI to US$ 65.35 billion by 2031

The UAE is set to double its foreign direct investment (FDI) to 240 billion dirhams (US$ 65.35 billion) annually by 2031as a part of the newly approved National Investment Strategy to target key sectors, including logistics, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. “The UAE continues to develop its economy, expand global markets, attract investments, and create the most business-friendly environment in the world,” His Highness hoped. The strategy also saw the ratification of 28 international agreements, logistics partnerships with various nations.