National investment strategy around the corner:The newly formed Investment Ministry is working on a national investment strategy to unify the investment policies of the seven emirates, Reuters reported, Minister Mohamed Al Suwaidi said on the sidelines of a conference on Thursday. The new unified strategy is intended to bolster the country’s economic standing by attracting more national and international investments. Further information regarding the strategy remains undisclosed.

The Investment Ministry, established in July, takes on a role that is more supportive than regulatory, focusing on facilitating the global expansion of companies as well as attracting more FDI. The ministry will not be involved in any asset management or allocation decisions pertaining to the new national investment strategy.“So when the Abu Dhabi Investment Authority, Mubadala, or a Dubai sovereign fund, or others say I want to put [capital] into private equity, we’re not going to be influencing that,” Al Suwaidi said.

The goal is always to attract more investments: The government is looking to draw in USD 150 bn worth of FDI inflows by 2031. The country recorded a 10% y-o-y growth in FDI inflows last year, amounting to USD 23 bn according to the World Investment Report 2023 (pdf).

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