UAE investments abroad hit $2.5trln in beginning of 2024
The United Arab Emirates has solidified its position as a leading regional and global player in foreign direct investment, according to Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC).
He estimates the total value of Emirati investments abroad, encompassing both government and private sectors, to have reached a staggering $2.5 trillion by the beginning of 2024.
This robust financial footprint positions the UAE as a significant economic force with strong potential for continued expansion. The focus on emerging markets and the creation of strategic partnerships further amplifies this momentum, opening doors to new investment opportunities.
The UAE's commitment to international economic engagement is evident in its recent participation in various strategic partnerships, alliances, and cross-border deals and acquisitions. This proactive approach has established a strong and influential presence for the UAE on the global economic stage.
Al Jarwan said that one such landmark deal is the historic $35 billion investment agreement with Egypt for the development of Ras Al Hekma. This groundbreaking partnership represents the largest direct investment in Egypt's history. It serves as a powerful symbol of confidence and a bold move that reshapes the regional investment landscape. Despite global economic challenges, this monumental project presents a unique and valuable opportunity for both nations.
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