Sheikh Mohammed announces massive Dh36.7 billion fund to attract global investors

Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced the establishment of the National Investment Fund with an initial capital of Dh36.7 billion, subject to increase and review.

The Vice President made the announcement during a Cabinet meeting held at the Dubai Airshow on Wednesday.

The fund aims to encourage foreign direct investment (FDI) into the country through incentive financial packages and to achieve our targets of increasing annual FDI inflows from Dh115 billion to Dh240 billion by 2031 and raising the total accumulated balance from Dh800 billion to Dh2.2 trillion in the same year.

“I chaired a Cabinet meeting today at the Dubai Airshow. The UAE Government supports this exhibition, which hosts delegations from 115 countries and more than 150,000 specialists, contributing to strengthening the country’s global position in shaping the future of the aviation sector,” Sheikh Mohammed wrote on his X account.

He added: “As part of the Cabinet agenda, we approved the establishment of the National Investment Fund with an initial capital of Dh36.7 billion, subject to increase and review. The fund aims to encourage foreign direct investment into the country through incentive financial packages and to achieve our targets of increasing annual FDI inflows from Dh115 billion to Dh240 billion by 2031 and raising the total accumulated balance from Dh800 billion to Dh2.2 trillion in the same year.”

Welcoming investors to the UAE, Sheikh Mohammed said: “Our message to investors around the world is clear: the UAE welcomes you. The UAE will provide the best environment for your investments, and the UAE will support your growth and future success.”

"We also reviewed updates on the implementation of the National Industry Strategy during the Cabinet meeting today, where national spending on the industrial sector has exceeded Dh110 billion—an increase of 244 per cent over the past five years. Our industrial exports have reached Dh197 billion. The industrial sector now contributes Dh210 billion to the UAE’s GDP. Our target is to reach Dh300 billion by 2031, God willing. We will continue to closely monitor the sector’s progress and support its rapid growth," the Vice President emphasised.

The Cabinet approved the UAE National Identity Strategy, which includes 70 government initiatives aimed at strengthening national identity among new generations, reinforcing a sense of belonging, and supporting family cohesion and stability across Emirati society.