Latest news with #MinistryOfInvestment
Zawya
11 hours ago
- Business
- Zawya
UAE cements its position as a global destination for attracting foreign direct investment
As per the UAE Foreign Direct Investment Report 2025 UAE ranks 10th globally as a top destination for inbound FDI, according to the World Investment Report by UNCTAD Key Highlights of the UAE Foreign Direct Investment Report 2025: AED 167.6 billion (USD 45.6 billion) in inbound foreign direct investment (FDI) inflows to the UAE in 2024, a 48.7% year-on-year increase. UAE ranks second globally, after the United States, in the number of announced greenfield FDI projects, with 1,369 new projects. Annual FDI inflows grew from AED31.6 billion (USD 8.6 billion) in 2015 to AED167.6 billion (USD 45.6 billion) in 2024. AED994.9 billion (USD 270.6 billion) in cumulative FDI stock, with a 10.5% compound annual growth rate from 2015 to 2024. AED53.3 billion (USD 14.5 billion) in total capital for announced greenfield FDI projects in 2024. UAE captured approximately 37% of FDI inflows to the region in 2024. Software and IT services led announced FDI greenfield project values (11.5%), followed by business services (9.7%), renewable energy (9.3%), coal, oil, and gas (9%), and real estate (7.8%). United Arab Emirates – The UAE ranked 10th globally as a leading destination for inbound foreign direct investment (FDI) in 2024, achieving an unprecedented AED 167.6 billion (USD 45.6 billion in FDI inflows, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2025. The UAE Foreign Direct Investment Report 2025, issued by the Ministry of Investment, highlights the country's exceptional performance and unmatched success in attracting capital across strategic sectors, reinforcing its status as a premier global investment destination despite an unstable global landscape. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, declared that, under the visionary leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, the UAE's tenth global ranking in FDI inflows for 2024 confirms its status as a land of boundless opportunities and the premier destination for innovative businesses and bold ideas. His Highness Sheikh Mohammed bin Rashid Al Maktoum said: 'In an international vote of confidence in the UAE's economy, the latest report by the United Nations Conference on Trade and Development (UNCTAD) revealed that the UAE attracted AED 167 billion ($45 billion) in foreign direct investment over the past year, marking a 48% growth compared to the previous year.' His Highness Sheikh Mohammed bin Rashid Al Maktoum added: 'The UAE accounted for 37% of all foreign direct investment inflows into the region. Out of every $100 invested in the region, $37 comes to the UAE. The country also ranked second globally, after the United States, in the number of newly announced foreign direct investment projects. Our next goal is to attract AED 1.3 trillion in foreign direct investment over the next six years, God willing.' His Highness continued: 'Our foundation is strong, our future is promising, and our focus on our goals is crystal clear. Our message is simple: development is the key to stability, and the economy is the most important policy.' Leading the Global FDI Landscape Despite a global slowdown in greenfield FDI project growth to 0.8%, the UAE achieved a remarkable 2.8% growth, solidifying its position as a key destination for investment flows. Total capital for announced greenfield FDI projects in 2024 reached AED53.3 billion (USD 14.5 billion). The UAE ranked second globally, after the United States, in attracting greenfield FDI projects, with 1,369 new projects announced in 2024. The Ministry of Investment leads these efforts by enabling investment in key sectors, providing a flexible and competitive environment for global capital, and acting as a trusted partner for international investors. The ministry continues close collaboration with federal and local government entities, investment promotion agencies, private sector companies, and international partners to develop innovative policies, enhance the UAE's investment value proposition, and unlock new avenues for long-term economic growth. Annual FDI inflows rose from AED31.6 (USD 8.6 billion) in 2015 to AED167.6 billion (USD 45.6 billion) in 2024, with cumulative FDI stock reaching USD 270.6 billion, reflecting a 10.5% compound annual growth rate from 2015 to 2024. UAE's investment ecosystem has become a global model His Excellency Mohamed Hassan Alsuwaidi, Minister of Investment, stated: 'Recording this unprecedented level of FDI inflows to the UAE is an achievement that reflects the strategic choices made by our wise leadership and its long-term vision to establish the UAE as a leading global investment destination. The Ministry of Investment is committed to developing a comprehensive regulatory and legislative framework aligned with our national priorities, meeting investors' needs, and providing a competitive business environment that attracts global capital.' He added: 'The UAE's investment ecosystem has become a global model, thanks to its stability, transparency, trade openness, and ease of doing business. Through the National Investment Strategy 2031, we continue to set ambitious goals to cement the UAE's position as a leading global FDI destination. We provide a clear pathway to drive sustainable growth, double investment opportunities, diversify priority sectors, and open new horizons for global companies seeking innovation and expansion in future markets.' Strategic Momentum Across Key Sectors The strong performance of key economic sectors boosted the upward trajectory of announced greenfield FDI projects in the UAE. Software and IT services led announced FDI greenfield project values (11.5%), followed by business services (9.7%), renewable energy (9.3%), coal, oil, and gas (9%), and real estate (7.8%). The energy sector attracted AED4.8 billion USD 1.3 billion in greenfield FDI, advancing the UAE's national goal to triple renewable energy production capacity by 2030. A Hub for Capital and Projects The UAE's supportive investment policies and robust strategic partnerships have solidified its position as a primary destination for foreign capital in the region, capturing approximately 37% of the region's FDI inflows in 2024. The UAE continues to attract top global talent, driven by policies supporting its investment strategy, including full foreign ownership in mainland companies, a competitive 9% corporate tax rate, streamlined licensing procedures, and enhanced legal protections. These policies have fostered a favorable investment climate, while strong legal frameworks, such as the Dubai International Arbitration Centre, have bolstered investor confidence and safeguarded their interests. The UAE ranks fifth globally in attracting highly skilled talent (per the 2024 Global Talent Competitiveness Index by INSEAD) and third in attracting AI talent (per Stanford University's 2024 AI Index), reinforcing its status as a leading hub for professionals, entrepreneurs, and innovators. Global partnerships are another key driver of investment attraction, with 21 Comprehensive Economic Partnership Agreements and 120 bilateral investment treaties clearly supporting the investment landscape. This momentum is underpinned by the UAE's significant investments in digital transformation, exemplified by the USD 1.5 billion joint venture between Microsoft and Abu Dhabi-based G42 to advance AI capabilities and set new standards for innovation. Future Vision: National Investment Strategy 2031 The National Investment Strategy 2031 aims to double annual FDI inflows by 2031, targeting AED 2.2 trillion cumulative FDI by 2031, as per the National Investment Strategy (NIS). The strategy focuses on priority sectors such as advanced manufacturing, renewable energy, financial services, and IT, emphasizing sustainability and innovation. Initiatives under this strategy aim to cement the UAE's global leadership in economic diversification and technological advancement.
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Malaysia Probing Reports of Chinese Firm's Use of Nvidia AI Chips
Malaysia said it is looking into media reports that a Chinese company in the country used servers equipped with Nvidia NVDA -0.39%decrease; red down pointing triangle and artificial-intelligence chips to train large language models. The Ministry of Investment, Trade and Industry is 'in the process of verifying the matter with relevant agencies if any domestic law or regulation has been breached,' it said in a statement Wednesday.
Zawya
11-06-2025
- Business
- Zawya
The Ministry of Investment for Saudi Arabia shows support for new health and fitness event
In a strategic partnership with the Ministry of Investment and its Sport Sector Team, an investment agreement was signed with RX Arabia to support the successful launch of FIBO Arabia in the Kingdom. The initiative reinforces Saudi Arabia's position as a leading regional hub for international sports exhibitions and events. Riyadh, Saudi Arabia: The Ministry of Investment for Saudi Arabia and its Sport Sector Team have signed an investment agreement with RX Arabia to support the successful launch of FIBO Arabia in the Kingdom, which will debut at the Riyadh Front Exhibition & Conference Center from 1-3 October 2025. The sports and fitness industry in Saudi Arabia continues to gain considerable momentum. Organised by RX, a global leader in events and exhibitions, and under the theme for a strong and healthy society, FIBO Arabia is already 60% sold out following a successful sales launch at FIBO's flagship tradeshow in Cologne, Germany last month. There, 1,200 exhibitors and partners from 60 nations and 154,748 visitors from 129 countries were welcomed. The launch of FIBO Arabia coincides with the Saudi government's significant support for investing in the country's sports sector as part of the Kingdom's 2030 strategy to diversify its economy. The government aims to increase sports spending by US$22 billion by 2030, encompassing sports clubs, academies, sportswear and equipment, and sports facilities. Vasyl Zhygalo, Managing Director, Middle East and Emerging Markets, RX: 'We are honoured that the Ministry of Investment for Saudi Arabia is supporting the launch of FIBO Arabia. This underscores the importance of health and fitness to the Saudi Arabian government and highlights its investment-friendly attitude towards overseas entrepreneurs and progressive companies that want to invest in their health and fitness sector.' The country's focus on becoming a global sports hub is underscored by the announcement of major events to take place in Saudi Arabia, including the 2034 FIFA World Cup, the 2027 AFC Asian Cup, and the 2029 Asian Winter Games, which will provide a significant boost to its position as a global sports hub. Furthermore, according to Gymnation, which operates a chain of fitness centres in Saudi Arabia and the UAE, the Saudi fitness market is expected to grow at a compound annual growth rate (CAGR) of 9.7% between now and 2032 when the health and fitness market is projected to be worth US$2.28 billion. The growth in the market is largely attributed to government initiatives aimed at enhancing the population's quality of life and promoting physical activity, as well as a rise in health consciousness among the population. Basim K. Ibrahim, Sport Sector Investment Development Director, Ministry of Investment for Saudi Arabia, added: 'FIBO Arabia represents a pivotal platform in advancing Saudi Arabia's Vision 2030 goals by promoting a culture of fitness and wellness while also highlighting the Kingdom's growing potential as a hub for investment within this sector. With increasing emphasis on exercise, sports, and wellbeing across the Kingdom, the event provides a vital opportunity for international and local brands to showcase the latest innovations and technologies in the industry. We look forward to the positive impact FIBO Arabia will have on our communities and the exciting prospects it will unlock for the future.' Professional development will be a key focus of the show, with FIBO Arabia hosting a series of expert-led workshops, seminars, and keynote sessions. These continuing education opportunities are designed to equip attendees with the tools, insights, and certifications needed to thrive in today's rapidly evolving fitness and wellness landscape. From innovation and education to networking and live engagement, FIBO Arabia 2025 promises to be a must-attend event for anyone passionate about shaping the future of health, fitness, and wellness in the Middle East and beyond. For more information on FIBO Arabia, please visit About FIBO Arabia FIBO Arabia's purpose is to foster a strong and healthy society. As part of the global FIBO network, it supports long and fulfilling lives for people across the region. The annual FIBO Arabia show brings together key players from the health, fitness, and wellness sectors to create a platform for innovations, investments, and trends tailored to an active lifestyle. Over the course of three dynamic days, FIBO Arabia offers unparalleled opportunities for building businesses, networking, and educating at the highest level. Attendees can look forward to numerous exciting and impressive live experiences, making FIBO Arabia an essential event for anyone passionate about health and wellness in the Middle East. The first FIBO Arabia will take place at the Riyadh Front Exhibition & Conference Center from October 1 to 3, 2025. Please visit About RX RX is a global leader in events and exhibitions, leveraging industry expertise, data, and technology to build businesses for individuals, communities, and organisations. With a presence in 25 countries across 42 industry sectors, RX hosts approximately 350 events annually. RX is committed to creating an inclusive work environment for all our people. RX empowers businesses to thrive by leveraging data-driven insights and digital solutions. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information, visit Media contact: TRINA QUINTANA Account Manager Indigo Icon Tower, Jumeirah Lakes Towers Dubai, United Arab Emirates E-mail: Website: A member of the ECCO Communications Network
Asharq Al-Awsat
02-06-2025
- Business
- Asharq Al-Awsat
Saudi Arabia Opens Direct Communication Channel with Businesses to Overcome Investment Hurdles
Asharq Al-Awsat learned that Saudi Arabia's Ministry of Investment is launching a new service to strengthen its relationship with national businesses by providing them with direct access to a suite of investment-related services. The initiative will assign each company a dedicated relationship manager, who will serve as the main point of contact to streamline access to government programs and services. These include the Strategic Investor initiative, the enhanced services program 'Meyza,' the Alignment Platform, and various services offered by government entities at the Business Center. The move is part of the Kingdom's broader effort to create a more dynamic and investor-friendly environment as outlined in the National Investment Strategy, launched in 2021 by Prince Mohammed bin Salman, Crown Prince and Prime Minister. The strategy targets more than SAR 12 trillion ($3.2 trillion) in investments into the local economy by 2030. This includes SAR 5 trillion through the Shareek program, SAR 3 trillion in local investments by the Public Investment Fund, and SAR 4 trillion in contributions from domestic and international companies operating under the strategy's framework. The ministry has notified private sector companies that the new service will also serve as a platform to receive feedback, suggestions, and observations regarding regulations, business procedures, and related challenges. Additionally, businesses will receive invitations to take part in relevant events organized by the Ministry. The initiative reflects the Ministry's responsibility to manage Saudi Arabia's investment environment, provide facilitation and support for investors, and elevate the competitiveness of the Kingdom's economy. Efforts focus on expanding operational scope, boosting competitiveness, and removing barriers that hinder business performance. In the first quarter of 2025, the ministry reported significant progress, including the issuance of 44 regional headquarters licenses, resolution of 38 investor-related challenges, and the processing of over 1,000 investor visa services. More than 55,000 digital services were also delivered through the Ministry's website. In parallel with these operational upgrades, the ministry is actively pursuing legislative and regulatory reforms to foster a secure and competitive investment climate. One major development has been the establishment of the Saudi Investment Promotion Authority, which coordinates public and private efforts to position the Kingdom as a leading global investment destination. Recent legal reforms include the implementation of new executive regulations for the commercial registry system. Under these changes, businesses now operate under a single commercial license for all their activities across the Kingdom, eliminating the need for sub-licenses and reducing financial burdens. Additionally, new regulations for commercial names aim to streamline the name reservation and registration process, enhance their value, and ensure proper legal protection. The Ministry of Commerce has also introduced a mechanism to allow existing businesses to regularize their trade names in line with the updated regulations.
Malay Mail
01-06-2025
- Business
- Malay Mail
Anwar defends Tengku Zafrul's role in investment and trade portfolio, says will stay on as minister despite Umno exit
KUALA LUMPUR, June 1 — Prime Minister Datuk Seri Anwar Ibrahim today said Datuk Seri Tengku Zafrul Abdul Aziz will remain with his portfolio despite quitting Umno to join PKR. He said Tengku Zafrul has performed well in his current role in the Ministry of Investment, Trade and Industry, particularly in overseeing substantial investments involving various agencies. 'His ministerial duties remain unchanged,' he told reporters when met at Kuala Lumpur International Book Fair 2025 here. 'We want him to continue his work, especially in the investment portfolio. His contributions are still needed by the country.' Anwar's remark came amid calls from Umno for it to retain seven ministerial posts after Tengku Zafrul announced his is joining PKR. He also reiterated that PKR has not had any detailed discussion over Tengku Zafrul's application to joint. The PKR president also urged the public and media to avoid overthinking the move by the minister formerly from Umno. 'Yes, he has applied to join PKR, but we have not deliberated on it thoroughly. For now, let it be. 'There's no need for excessive interpretations that might be unhealthy,' he added. Anwar said the application would be reviewed with fairness, in consultation with the party's grassroots. Yesterday, Umno president Datuk Seri Ahmad Zahid Hamidi said he is confident Anwar would consider reinstating the allocation in line with the party's role in the unity government. This came after Tengku Zafrul said he has resigned from Umno and is vacating his seat on the Umno Supreme Council as well as his position as its Kota Raja division chief.
