The UAE focuses on investing in several sectors, most notably industry, financial services, and information technology.
I depend UAE Cabine today, Tuesday, the National Investment Strategy, which aims to increase foreign investment to 240 billion dirhams by 2031, and increase the local investment balance to 2.2 trillion dirhams in the coming years.
He chaired the meeting, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at Qasr Al Watan in Abu Dhabi.
Approval of the National Policy for Addressing Health Risks
The UAE Government Media Office stated that the Cabinet also approved the national policy to confront health risks, which includes national response scenarios, enhancing preparedness, developing recovery plans and controlling health crises and emergencies.
Adoption of the National Investment Strategy in the UAE
“We have adopted our national investment strategy for the next six years,” Sheikh Mohammed bin Rashid Al Maktoum said of the programme, which was unveiled in November via the X platform.
He continued: “Our goal is to increase annual foreign investment flows from AED 112 billion in 2023 to AED 240 billion by 2031, and to increase the total foreign investment balance in The UAE From 800 billion dirhams to 2.2 trillion dirhams in the coming years.”
Sheikh Mohammed bin Rashid Al Maktoum added that the strategy will focus on key sectors, including industry, logistics, financial services, renewable energy, and information technology.
And continue United Arab Emirates Developing its economy, expanding global markets, attracting investments, and creating the most business-friendly environment in the world.
Advancing strategic partnerships with African countries
Sheikh Mohammed bin Rashid Al Maktoum pointed out that the Cabinet reviewed the progress of the country’s strategic partnerships with African countries, as 95% of the previously approved initiatives were successfully implemented, meaning that the volume of trade with sub-Saharan African countries grew to AED 235 billion in five years, representing an increase of 87%.
The National Digital Economy Strategy was also reviewed, which aims to increase the contribution of the digital economy to the GDP from 9.7% to 19.4%.
“We remain committed to strengthening the UAE’s position in the global digital economy through ambitious national initiatives and projects over the next six years,” said Sheikh Mohammed bin Rashid Al Maktoum.
Increase in the budget for social support programs
Sheikh Mohammed bin Rashid Al Maktoum added that the annual budget allocated for social support programmes increased by 29% to reach about 3.5 billion dirhams.
He added: “In social affairs, we have adopted a set of new decisions aimed at strengthening the social support and empowerment system. These decisions set clear criteria for eligibility and established comprehensive controls for basic and supplementary allowances, ensuring a more organised and effective framework for support.”
Remote work and other approvals
Sheikh Mohammed bin Rashid Al Maktoum said: “We have also adopted the remote work system from outside the country in the federal government, which allows the UAE to benefit from global expertise and specialized talents to implement projects and studies for federal agencies.”
The Cabinet also approved 28 international agreements, including economic partnerships with Malaysia, New Zealand and Kenya.
“Our teams continue to work, our growth trajectory accelerates, and every day we witness the future of our nation becoming greater, stronger and more prosperous – driven by the dedication of thousands of exceptional teams across all sectors,” said Sheikh Mohammed bin Rashid Al Maktoum.
