UAE records 28% increase in foreign investment projects, ranks second globally: UNCTAD

The growing number of foreign direct investment projects in the UAE reflects its status as a global business hub, attracting investments and creative ideas from around the world.

The United Nations Conference on Trade and Development (UNCTAD) said the UAE registered a 28 percent increase in new foreign investment projects during the year 2023, compared to 2022, recording the second-highest increase in the number of such projects around the world.

The US recorded the highest increase in the number of foreign investment projects last year.

Reacting to the report, Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said the UAE is benefiting from the forward-looking vision of its leadership by enhancing investment and trade openness globally.