Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, alongside Sheikh Mansour bin Zayed Al Nahyan, launched the National Investment Strategy 2031 during the UAE Government Annual Meetings 2024 in Abu Dhabi. The strategy aims to position the UAE as a global investment hub with a target to double foreign direct investment (FDI) inflows to AED 1.3 trillion by 2031.

At the meeting, Sheikh Mohammed highlighted the UAE's 35% surge in FDI to AED 112.6 billion in 2023 despite global declines, showcasing the success of its current investment policies. He emphasized that the UAE's strong economic fundamentals including technological leadership, world-class infrastructure and talent acquisition make it an attractive destination for investment.

The strategy aligned with the We the UAE 2031 vision focuses on five key areas: attracting new investments in priority sectors, expanding FDI in existing projects, strengthening global partnerships, enhancing investor relations and boosting competitiveness. Key sectors include advanced manufacturing and renewable energy.

Minister of Investment Mohamed bin Hassan Al Suwaidi outlined the strategy’s ambitious goals, noting the UAE's rise to second place globally for new FDI projects in 2023 with 1,323 new projects, a 33% increase from 2022. He also introduced the InvestUAE platform, aimed at promoting the UAE as a top global investment destination through digital campaigns and international events.

The National Investment Strategy 2031 builds on the UAE’s remarkable growth in FDI over the past decade and aims to further enhance its global investment standing by fostering innovation and private sector growth.