The United Arab Emirates has set a target to boost its annual foreign direct investment inflows to 240 billion dirham, which is approximately $65.35 billion, by the year 2031. This announcement was made by Dubai’s ruler, Sheikh Mohammed bin Rashid al-Maktoum, in a recent post on X.

In 2023, the UAE recorded foreign direct investment inflows amounting to 112 billion dirham. This figure underscores the country’s ongoing efforts to enhance its status as a global investment hub and attract more foreign capital.

The ambitious target reflects the UAE’s commitment to economic growth and development, aiming to create a more favorable environment for international investors. By focusing on increasing these inflows, the UAE seeks to further strengthen its economy and diversify its revenue sources in the coming years.