UAE to increase annual foreign investment inflows to Dh240 billion
'This strategy will focus on key sectors, including industry, logistics, financial services, renewable energy, and information technology. The UAE continues to develop its economy, expand global markets, attract investments, and create the most business-friendly environment in the world,' Sheikh Mohammed bin Rashid, Vice-President and Prime Minister of the UAE, wrote on X after chairing a UAE Cabinet meeting.
The strategy includes multiple initiatives, including financial sector development, one-market, institutional innovation attraction, and 'Invest UAE' programmes.
Current investment results peg the total cumulative foreign direct investment at Dh0.8 trillion and annual foreign direct investment inflows at Dh112 billion. The target by 2031 is to increase the share of foreign direct investment in total investments (domestic and foreign) to above 30 per cent, and reach the contribution of foreign direct investment to GDP to 8 per cent.
A new policy for combating health risks will establish national response scenarios, enhance preparedness, and develop recovery and control plans for health crises and emergencies. 'Continuous readiness for any health emergency is an essential part of strengthening health security and ensuring the highest quality of life in the UAE,' the UAE Vice-President said.
New regulations will ensure better access to life-saving treatments for individuals suffering from conditions that can only be addressed through organ transplants. 'The UAE now has more than 13 licensed transplant centers, with a 30 per cent increase in transplant procedures. Kidney, liver, heart, lung, and pancreas transplants are now being performed in the UAE, and we will continue to develop the healthcare sector to provide world-class medical services for all.'
The Cabinet also approved the launch of the National Green Certificates Programme for buildings. Non-compulsory in the first stage of implementation, the classification system is aimed at assessing and certifying sustainable buildings. It targets commercial buildings, hotels and hospitality facilities, industrial establishments, government buildings, and houses, communities , and compounds.
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