The UAE on Wednesday unveiled a Dh36.7 billion action plan to drive foreign investment into the Emirates and cement its growing status as a leading business hub.
Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, said ministers had approved the National Investment Fund at a special meeting of the UAE Cabinet held at Dubai Airshow 2025.
The fund – which will have an initial capital of Dh36.7 billion – will aim to encourage foreign direct investments into the country through financial incentive packages.
It will seek to increase overseas investment into the country from Dh115 billion annually to Dh240 billion, by 2031, and to raise the total stock of direct foreign investment from Dh800 billion to Dh2.2 trillion in the same year.
“Our message to global investors is clear. The UAE welcomes you,” Sheikh Mohammed said, in remarks shared by the UAE Government Media Office.
“The UAE will provide the world’s best environment for investment. The UAE will continue to support your growth and long-term success.”
The fund is to provide a development package to target companies capable of delivering “remarkable economic impact within the UAE”, the media office stated.
It will enable direct financing of strategic opportunities at the federal level and through co-operation with economic, investment and tourism authorities in the Emirates.
Sheikh Mohammed said the Cabinet had also adopted the National Identity Strategy, supported by 70 government initiatives.
The wide-ranging policy will serve to strengthen national identity among future generations and champion the family unit.
It was first announced by Salem bin Khalid Al Qassimi, Minister of Culture during a keynote speech at the Government Annual Meetings in Abu Dhabi this month.
The strategy aims to strengthen national belonging and pride in the Emirati identity, reinforce family and social cohesion, and promote the UAE’s national identity on the global stage through international co-operation and engagement.
President Sheikh Mohamed has declared next year would be the Year of the Family and stressed that family was a “vital pillar of our nation’s future progress”.
The UAE leader also launched the National Family Growth Agenda 2031, which will promote family values at the top of the national agenda and serve to preserve culture and identity.
Sheikh Mohammed said ministers were briefed on the latest progress of the National Industrial Strategy, another significant initiative aimed at spurring economic development and boosting trade.
The Dubai Ruler said national spending in the industrial sector has reached Dh110 billion, a marked increase of 244 per cent in the past five years.
Sheikh Mohammed noted that industrial exports now stood at Dh197 billion, highlighting the s
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