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Gulf Today
01-03-2025
- Business
- Gulf Today
UAE consolidating its position as strategic destination for FDI
The UAE has solidified its position as one of the world's most preferred investment destinations, successfully attracting foreign direct investments that have boosted its cumulative balance. In 2024, the UAE issued 200,000 new economic licences across various economic activities, with more than 1.1 million companies and economic institutions operating in its markets. According to data from the Ministry of Investment, the total new and announced capital inflows of foundational Foreign Direct Investment (FDI) in 2023 reached $16 billion, reflecting the UAE's status as a preferred destination for international investors. The UAE continues to attract significant foundational investments from various countries, highlighting its dynamic business environment and strategic economic initiatives that create job opportunities, drive innovation, and support sustainable growth. The country's vibrant investment landscape serves as a key driver of economic expansion and capital inflows, reinforcing its position as a leading global investment hub. Abdullah Bin Touq Al Marri, Minister of Economy, told the Emirates News Agency (WAM) that the UAE is committed to providing a competitive legislative environment for new economy sectors. Over the past six years, the country has developed and issued more than nine key economic legislations aimed at expanding businesses and projects in new economy sectors within its markets. He further noted that, over the past four years, the UAE has issued more than 30 laws, regulations, and economic policies, including new legislation for family businesses, e-commerce, cooperatives, consumer protection, commercial transactions, trademarks, copyright, and related rights. The primary sectors driving foundational investment growth in the UAE include business services, software, and IT services, which have generated numerous job opportunities and attracted substantial capital inflows. Sectors such as financial services, industrial equipment, transportation, and storage have also played a significant role in foundational investment growth, leading to a 7.5% increase in total jobs created, a 31% rise in announced projects, and a 37% surge in total announced foundational foreign direct investment inflows. Emerging sectors, including renewable energy, electric vehicles, and cloud computing, have made significant contributions to the UAE's economic growth and created major investment opportunities. The UAE's diversified economy and its business-friendly environment for sustainable growth have enabled it to maintain its position as the leading investment destination in the Arab world and the region while achieving comprehensive global development. This is reflected in the record growth of FDI inflows, which increased by 35% to reach Dhs112.6 billion in 2023, according to the 2024 World Investment Report issued by UNCTAD. According to the World Investment Report 2024 by UN Trade and Development (UNCTAD), the UAE has strengthened its position as a leading global destination for promising investment opportunities and a key player in the global economy by capturing 45.4 per cent of the total foreign direct investments (FDIs) flowing into the Arab states, amounting to Dhs248.3 billion in 2023. This is evident from the record growth in FDI inflows to the UAE, which increased by 35 percent to reach Dhs112.6 billion in 2023. The UAE topped the list of countries in attracting FDIs, thanks to its enablers, flexible policies, and competitiveness that facilitate the establishment of diverse business activities and pioneering startup projects. The country also boasts advanced investment legislation and incentives that boost FDI inflows. Amendments to the Commercial Companies Law, allowing foreign investors to establish and fully own companies, facilitated over 275,000 new companies within a year and a half, bringing the total to over 788,000 companies by the end of 2023. The UAE continues to collaborate across various government and private sectors to achieve the goals of the 'We the UAE 2031' vision, aiming to double the GDP to Dhs3 trillion and increase UAE's foreign trade to Dhs4 trillion. Notably, the UAE ranked second globally after the United States in greenfield FDI project announcements in 2023, with 1,323 new projects registered, marking a growth rate of approximately 33 percent compared to the previous year. In October 2024, Mohammed Abdul Rahman Al Hawi, Under-Secretary of the UAE Ministry of Investment, said that in 2023, key sectors driving the growth of greenfield investments in the UAE included business services and software and IT Services, which created a significant number of jobs and attracted substantial capital. Additionally, sectors such financial services, industrial equipment, and transportation and warehousing played an important role in contributing to this growth. 'These investments led to a 7.5 per cent rise in total jobs created, along with a 31 percent increase in the number of announced projects, and a 37 percent rise in announced greenfield Foreign Direct Investment (FDI) capital inflows,' he said in statements to the Emirates News Agency (WAM).
Trade Arabia
25-02-2025
- Business
- Trade Arabia
Wilo announces opening of UAE factory expansion
Wilo, one of the world's leading premium suppliers of pumps and pump systems, has announced the official inauguration of its newly expanded factory in Dubai. Following its expansion, the factory has doubled in size and is set to introduce cutting-edge equipment, enhanced product lines and hitech testing facilities, said Wilo in a statement. This strategic investment reinforces Wilo's commitment to delivering high-efficiency solutions through local production under the 'Made in UAE' banner, aligning with the groups's overarching sustainability strategy and its region-for-region approach, it stated. The high-profile event was attended by Abdullah Bin Touq Al Marri, UAE Minister of Economy, Alexander Schonfelder, German Ambassador to the UAE, business leaders, VIPs, government officials, and other key stakholders. This expansion reflects Wilo's dedication to meeting the growing regional demand and strengthening the UAE's position as a strategic hub for the Middle East and North Africa (MENA) region. Speaking on the occasion, Al Marri said: "The UAE has long recognized the value of fostering an ecosystem that attracts leading international companies. Through progressive economic policies, business-friendly regulations, and an unwavering commitment to innovation, we continue to position this country as a preferred FDI destination." "The presence of global industry leaders like Wilo is a testament to the strength of our economy and the trust that investors place in our vision. By localizing production, Wilo is contributing to national economic growth, creating high-value jobs, and enhancing the resilience of regional supply chains," he added. Schonfelder, emphasising the significance of this milestone, said: "The expansion of Wilo's UAE facility is a testament to the strong economic ties between Germany and the UAE. This investment not only strengthens bilateral trade relations but also demonstrates Wilo's leadership in sustainable industrial innovation." "By enhancing local production capabilities, Wilo is contributing to the UAE's vision for a greener and more self-reliant future," he stated. On the occasion, Yasser Nagi, Managing Director for Wilo Middle East & North Africa, said: "This factory expansion represents a pivotal step in Wilo's journey to deliver cutting-edge solutions while supporting the UAE's ambitious vision for economic growth and sustainability." "By doubling our capacity and introducing state-of-the-art technologies, we are not only addressing the growing demand for high-efficiency pumps and pump systems but also reaffirming our confidence in the UAE as a stable and thriving business hub for the region," he added. The event brought together over 300 distinguished guests, including key dignitaries, industry leaders, and partners from across the region. Wilo's long-standing presence in the UAE and this significant investment reaffirm its role in driving the local economy and supporting the UAE's vision for a sustainable future.
Trade Arabia
24-02-2025
- Business
- Trade Arabia
Wilo announces opening of newly-revamped UAE plant
Wilo, one of the world's leading premium suppliers of pumps and pump systems, has announced the official inauguration of its newly expanded factory in Dubai. Following its revamp, the factory has doubled in its size and is set to introduce cutting-edge equipment, enhanced product lines and hitech testing facilities, said Wilo in a statement. This strategic investment reinforces Wilo's commitment to delivering high-efficiency solutions through local production under the 'Made in UAE' banner, aligning with the groups's overarching sustainability strategy and its region-for-region approach, it stated. The high-profile event was attended by Abdullah Bin Touq Al Marri, UAE Minister of Economy, Alexander Schonfelder, German Ambassador to the UAE, business leaders, VIPs, government officials, and other key stakholders. This expansion reflects Wilo's dedication to meeting the growing regional demand and strengthening the UAE's position as a strategic hub for the Middle East and North Africa (MENA) region. Speaking on the occasion, Al Marri said: "The UAE has long recognized the value of fostering an ecosystem that attracts leading international companies. Through progressive economic policies, business-friendly regulations, and an unwavering commitment to innovation, we continue to position this country as a preferred FDI destination." "The presence of global industry leaders like Wilo is a testament to the strength of our economy and the trust that investors place in our vision. By localizing production, Wilo is contributing to national economic growth, creating high-value jobs, and enhancing the resilience of regional supply chains," he added. Schonfelder, emphasising the significance of this milestone, said: "The expansion of Wilo's UAE facility is a testament to the strong economic ties between Germany and the UAE. This investment not only strengthens bilateral trade relations but also demonstrates Wilo's leadership in sustainable industrial innovation." "By enhancing local production capabilities, Wilo is contributing to the UAE's vision for a greener and more self-reliant future," he stated. On the occasion, Yasser Nagi, Managing Director for Wilo Middle East & North Africa, said: "This factory expansion represents a pivotal step in Wilo's journey to deliver cutting-edge solutions while supporting the UAE's ambitious vision for economic growth and sustainability." "By doubling our capacity and introducing state-of-the-art technologies, we are not only addressing the growing demand for high-efficiency pumps and pump systems but also reaffirming our confidence in the UAE as a stable and thriving business hub for the region," he added. The event brought together over 300 distinguished guests, including key dignitaries, industry leaders, and partners from across the region. Wilo's long-standing presence in the UAE and this significant investment reaffirm its role in driving the local economy and supporting the UAE's vision for a sustainable future.
Zawya
24-02-2025
- Business
- Zawya
Wilo celebrates major milestone with expansion of UAE factory to double capacity
Dubai, UAE: Wilo , one of the world's leading premium suppliers of pumps and pump systems , proudly announces the official inauguration of its newly expanded factory in Dubai. The high-profile event, attended by His Excellency Abdullah Bin Touq Al Marri, UAE Minister of Economy, His Excellency Alexander Schonfelder, German Ambassador to the UAE, business leaders, VIPs, government officials, and esteemed partners, marks a significant milestone for the company. This expansion reflects Wilo's dedication to meeting the growing regional demand and strengthening the UAE's position as a strategic hub for the Middle East and North Africa (MENA) region. The expanded factory doubles its size, introducing cutting-edge equipment, enhanced product lines, and state-of-the-art testing facilities. This strategic investment reinforces Wilo's commitment to delivering high-efficiency solutions through local production under the 'Made in UAE' banner, aligning with the groups's overarching sustainability strategy and its region-for-region approach. H.E. Abdulla Bin Touq Al Marri, Minister of Economy, said, 'The UAE has long recognized the value of fostering an ecosystem that attracts leading international companies. Through progressive economic policies, business-friendly regulations, and an unwavering commitment to innovation, we continue to position this country as a preferred FDI destination. The presence of global industry leaders like Wilo is a testament to the strength of our economy and the trust that investors place in our vision. By localizing production, Wilo is contributing to national economic growth, creating high-value jobs, and enhancing the resilience of regional supply chains.' His Excellency Alexander Schonfelder, German Ambassador to the UAE, emphasized the significance of this milestone, stating, 'The expansion of Wilo'sUAE facility is a testament to the strong economic ties between Germany and the UAE. This investment not only strengthens bilateral trade relations but also demonstrates Wilo's leadership in sustainable industrial innovation. By enhancing local production capabilities, Wilo is contributing to the UAE's vision for a greener and more self-reliant future.' Commenting on the occasion, Yasser Nagi, Managing Director for Wilo Middle East & North Africa, said, 'This factory expansion represents a pivotal step in Wilo's journey to deliver cutting-edge solutions while supporting the UAE's ambitious vision for economic growth and sustainability. By doubling our capacity and introducing state-of-the-art technologies, we are not only addressing the growing demand for high-efficiency pumps and pump systems but also reaffirming our confidence in the UAE as a stable and thriving business hub for the region.' Wilo's expanded facility highlights its commitment to innovation and sustainability. With enhanced production capabilities and an increasing emphasis on advanced testing technologies, the factory is well-positioned to cater to the region's growing demand for eco-friendly pump solutions. The event brought together over 300 distinguished guests, including key dignitaries, industry leaders, and partners from across the region. Wilo's long-standing presence in the UAE and this significant investment reaffirm its role in driving the local economy and supporting the UAE's vision for a sustainable future. As Wilo continues to set new standards in sustainability and technology, the company invites customers, partners, and stakeholders to explore its latest innovations and solutions. For more information about Wilo's expanded capabilities and its commitment to fostering sustainable water management, visit or contact Wilo's regional office in the UAE. -Ends- Press contact: Pravgya Mundra The Qode pravgya@ Nikila Zachariah The Qode nikila@ About Wilo: The Wilo Group is one of the world's leading premium suppliers of pumps and pump systems for building services, water management and the industrial sector. In the last decade, we transformed from hidden to visible and to connected champion. Today, Wilo employs around 9,000 people worldwide. With innovative solutions, smart products and individual services, we provide the clever, efficient and climate-friendly service of keeping water flowing. We already are the digital pioneer within the industry with our products and solutions, processes and business models. For more information, visit
Zawya
24-02-2025
- Business
- Zawya
Wilo inaugurates expansion, factory size doubles
UAE - Wilo, one of the world's leading premium suppliers of pumps and pump systems, has inaugurated its newly expanded factory in Dubai. The high-profile event was attended by Abdullah Bin Touq Al Marri, UAE Minister of Economy; Alexander Schönfelder, German Ambassador to the UAE; along with business leaders, VIPs, government officials, and partners, marking a significant milestone for the company. The expansion doubles the factory's size, introducing cutting-edge equipment, enhanced product lines, and state-of-the-art testing facilities. This strategic investment reinforces Wilo's commitment to meeting the growing regional demand and strengthening the UAE's position as a strategic hub for the Middle East and North Africa (MENA) region, the company said. It also underscores Wilo's dedication to delivering high-efficiency solutions through local production under the 'Made in UAE' banner, aligning with the group's overarching sustainability strategy and region-for-region approach, it added. Minister Al Marri said: 'The UAE has long recognised the value of fostering an ecosystem that attracts leading international companies. Through progressive economic policies, business-friendly regulations, and an unwavering commitment to innovation, we continue to position the country as a preferred FDI destination. The presence of global industry leaders like Wilo is a testament to the strength of our economy and the trust that investors place in our vision. By localising production, Wilo is contributing to national economic growth, creating high-value jobs, and enhancing the resilience of regional supply chains.' Ambassador Schönfelder highlighted the importance of this milestone, stating: 'The expansion of Wilo's UAE facility is a reflection of the strong economic ties between Germany and the UAE. This investment not only strengthens bilateral trade relations but also demonstrates Wilo's leadership in sustainable industrial innovation. By enhancing local production capabilities, Wilo is contributing to the UAE's vision for a greener and more self-reliant future.' Yasser Nagi, Managing Director for Wilo Middle East & North Africa, commented: 'This factory expansion represents a pivotal step in Wilo's journey to deliver cutting-edge solutions while supporting the UAE's ambitious vision for economic growth and sustainability. By doubling our capacity and introducing state-of-the-art technologies, we are not only addressing the growing demand for high-efficiency pumps and pump systems but also reaffirming our confidence in the UAE as a stable and thriving business hub for the region.' Wilo's expanded facility underscores its commitment to innovation and sustainability. With enhanced production capabilities and a focus on advanced testing technologies, the factory is well-positioned to meet the region's growing demand for eco-friendly pump solutions. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
