Economic Development Update
In a strategic announcement, the Vice President and Prime Minister of the UAE and ruler of the Emirate of Dubai, Mohammed bin Rashid Al Maktoum, articulated the nation’s ambition to enhance the annual influx of foreign direct investment (FDI). The target is to escalate FDI from 112 billion dirhams in 2023 to an impressive 240 billion dirhams by 2031.
This initiative underscores the UAE’s commitment to fostering economic growth and attracting international capital, which are crucial for sustained development and diversification of the economy.
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