Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Emir of Dubai, of the United Arab Emirates (UAE), said that his country reached the highest level of foreign direct investment in its history with $23 billion in 2022.
Al Maktum shared information about the UAE in the 2023 World Investment Report of the United Nations Trade and Development Organization (UNCTAD), in a statement on his social media account Twitter.
Stating that the UAE leads the way in global investments in the region, Al Maktoum stated that according to the report, the UAE is the fourth largest new project investment recipient in the world with a total of 997 projects after the USA, England and India.
“We aim to reach new record numbers for foreign direct investment this year,” said Al Maktum. used the phrases.
Since the crisis that started with the collapse in crude oil prices in 2015, the Gulf countries aim to reduce their dependence on oil, their main source of income.
Continuing its economic diversification program, the UAE is taking steps to advance the non-oil economy by focusing on tourism, industry, agriculture and technology sectors.