The cabinet approved the country’s new national investment strategy for the next six years at its meeting yesterday, and approved several new initiatives, Wam reports. The new investment strategy targets boosting the total stock of foreign investments to AED 2.2 tn by 2031, and annual FDI flows to AED 240 bn. This will see the share of FDI in total investments increase to above 30%, while FDI will contribute 8% of total GDP.

REMEMBER- FDI inflows came in at AED 112 bn in 2023. Dubai’s greenfield FDI projects alone attracted AED 52.3 bn in capital in 2024, while the value of UAE greenfield FDI projects fell 33% y-o-y to USD 14.5 bn (AED 53.2 bn) in 2024, normalizing after a particularly strong 2023.

ALSO APPROVED AT THE MEETING-

  • A national policy for combating health risk;
  • new regulations for organ and human tissue donation and transplantation;
  • allowing federal employees to work from abroad;
  • establishing a pharma policies committee to be headed by Dr Thani bin Ahmed Al Zeyoudi;
  • and restructure the Emirates Research and Development Council and the Postal Regulatory Committee.

Three new CEPAs: The cabinet ratified three comprehensive economic partnership agreements (CEPA) with Malaysia, New Zealand, and Kenya.

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