UAE Establishes New Ministry of Investment

Publish date: Tuesday، 04 July 2023

The UAE has announced the establishment of a new Ministry of Investment, aimed at boosting the country’s competitiveness in the global market and its investment vision.

Mohammed Alsuwaidi, managing director and chief executive of Abu Dhabi-based investment and holding company ADQ, has been named as the UAE's Minister of Investment.

محمد بن راشد يترأس اجتماع مجلس الوزراء، تم خلاله اعتماد إنشاء وزارة للاستثمار في الدولة وتعيين محمد حسن السويدي وزيراً للاستثمار في الدولة، كما أقر المجلس الإستراتيجية الوطنية المحدثة للطاقة بهدف مضاعفة مساهمة الطاقة المتجددة 3 أضعاف خلال السبع سنوات القادمة. pic.twitter.com/QtUy1ZwUfH
— Dubai Media Office (@DXBMediaOffice) July 3, 2023

“The aim of the new ministry is to develop the country's investment vision, stimulate the investment environment internally and continuously enhance the competitiveness of our procedures and legislation to ensure that the country remains a global destination for investment and a major player in the global investment movement,” Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, wrote on Twitter.

The ministry's primary duties will be to suggest investment policies, develop laws and strategies, and carry out national initiatives to improve the investment climate and its competitiveness.

UAE Establishes New Ministry of Investment

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